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9 mentions found


☆ The CEO of FanDuel's owner Flutter explains how its US stock debut could boost its edge over rivals like DraftKings and why it thinks of itself as a media business
  + stars: | 2024-01-31 | by ( Ashley Rodriguez | ) www.businessinsider.com   time to read: +6 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "It's a great opportunity to bring the world's leading sports betting and gaming business to the world's leading capital market." AdvertisementJackson said he believes the US listing will help the company win media attention and new investors. DraftKings narrowly edged out in August FanDuel's market-share lead in the broader online gambling space that includes casino-style games, per EKG. "FanDuel is undoubtedly a media business," Jackson said.
Persons: —, Peter Jackson, Jackson, Paddy Power, it's, DraftKings, FanDuel, Pat McAfee, Charles Gillespie, Chad Beynon, Beynon Organizations: Service, New York Stock Exchange, Wall, Business, PokerStars, London Stock Exchange, Krejcik, Penn, ESPN Bet, Media, TVG, Gambling.com Group, Macquarie, Wall Street, Rush Street Interactive, Caesars Entertainment, Genius Sports, Research, Jefferies Locations: New York, London, Europe, Sportsbet, Australia, America, Sands
☆ The inside story of how FanDuel upended US sports betting with the same-game parlay and used it to dominate the market
  + stars: | 2023-11-07 | by ( Ashley Rodriguez | ) www.businessinsider.com   time to read: +11 min
The daily-fantasy-sports company, which European gambling giant Flutter Entertainment had acquired, was racing to introduce its "same-game parlay" to the US. The same-game parlay, a phrase FanDuel coined, has since caught fire, meshing well with the high-scoring, stat-driven, athlete-personality focus of US sports — and propelled FanDuel to the forefront of the betting market. "The same-game parlay was the right product in the right market at exactly the right time." Every sports-betting operator, from DraftKings to newcomer Fanatics, now has or is building its version of the same-game parlay. After the NBA resumed play in July 2020, the same-game parlay grew from 5% to 10% of FanDuel's bets, Farren said.
Persons: FanDuel, Scott Longley, parlay, Conor Farren, FanDuel's, DraftKings, Entain, parlays, Longley, would've, John Maguire, Maguire, isn't, LeBron James, Jalen Rose, Sportsbet, Paddy Power Betfair, Farren, It's, Ben Hider, Penn Organizations: NFL, Krejcik, Houston Rockets, Los Angeles Lakers, Australian Football League, Australian rugby, NBA, ESPN Bet, FanDuel, Industry Locations: DraftKings, Melbourne, Australia, England, FanDuel
☆ Australia urged to ban online gambling ads to curb growing addiction
  + stars: | 2023-06-28 | by ( ) www.reuters.com   time to read: +2 min
The committee made 31 recommendations on how online gambling, which it said was changing the culture of sport, should be regulated and how Australians struggling with addiction should be supported. Australians outspend the citizens of every other country on online gambling, Peta Murphy, chair of the committee said in the report titled "You win some, you lose more". Murphy said online gambling companies advertise deliberately and strategically alongside sport, which has normalised it as fun and harmless and socialble activity. A phased, comprehensive ban on all gambling advertising on all media, broadcast and online, that left no room for circumvention, was needed, the panel said. The gambling problem shifted online to a much greater extent when the COVID-19 pandemic forced the closure of public venues.
Persons: Peta Murphy, Murphy, Anthony Albanese, Albanese, Praveen Menon, Robert Birsel Organizations: SYDNEY, Entain PLC, Tabcorp Holdings, ABC Gold Coast, Thomson Locations: Australia, London
☆ England's top soccer clubs agree to ban gambling sponsors on front of matchday shirts
  + stars: | 2023-04-13 | by ( Jenni Reid | ) www.cnbc.com   time to read: +2 min
Dwight McNeil (L) and Demarai Gray of Everton during the Premier League match between Manchester United and Everton FC at Old Trafford on April 08, 2023 in Manchester, England. The club's shirts are sponsored by online casino Stake.com. Soccer clubs in England's top-flight Premier League on Thursday agreed not to allow gambling firms to advertise on the front of matchday shirts from the end of the 2025/2026 season. The move comes amid widespread concern and ongoing campaigns to reduce or ban gambling advertising. The Premier League did not immediately respond to a request for comment.
☆ Cameron Smith lifted aloft in pub as he celebrates home victory by watching TV replay
  + stars: | 2022-11-30 | by ( Jack Bantock | ) edition.cnn.com   time to read: +3 min
CNN —Jump into the crowd, watch back the replay, have a triumphant drink; there are many ways for an athlete to celebrate a big win. If you’re Cameron Smith, you can do all three at the same time. Cam Smith celebrating his #AUSPGA win in a pub with the replay on the TV is tremendous areas! “I think two cans of beer can fit in there,” Smith told reporters at St. Andrews. Bradley Kanaris/Getty Images“I can’t believe she did it,” Smith told reporters.
☆ Australian regulator orders audit of bookmakers Sportsbet, Bet365
  + stars: | 2022-11-03 | by ( ) www.reuters.com   time to read: +2 min
Nov 3 (Reuters) - Australia's financial crime watchdog on Thursday ordered an audit of Sportsbet, the country's largest online betting house operated by Flutter Entertainment (FLTRF.L), and British gambling firm Bet365 to assess their compliance with financing laws. External auditors must report within six months whether the firms are well placed to identify and mitigate money laundering and terrorism financing, conduct risk assessment, and have necessary oversight, the Australian Transaction Reports and Analysis Centre (AUSTRAC) said. Sportsbet continues to invest heavily in AML/CTF (Anti-Money Laundering and Counter-Terrorism Financing Act) compliance and in our people, processes and systems." While Australia's gambling industry has been scrutinized in recent years due to alleged money laundering by its biggest casino operators, online betting has also come under the scanner as its prevalence boomed. Reporting by Shashwat Awasthi and Roushni Nair; Editing by Shinjini Ganguli and Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
☆ European shares slide as Fed hints at tightening for longer
  + stars: | 2022-11-03 | by ( Shreyashi Sanyal | ) www.reuters.com   time to read: +3 min
The pan-European STOXX 600 (.STOXX) dropped 0.9% by 0905 GMT, with rate-sensitive European technology stocks (.SX8P) falling nearly 2%. While most major European sector indexes slid, banks (.SX7P) edged 0.3% higher. European equity markets rose for three days out of four leading up to the Fed decision, helped by better-than-expected corporate earnings. Investors awaited an interest rate decision by the Bank of England later in the day, where it is expected to deliver its biggest rate hike since 1989. Among stocks, BMW (BMWG.DE) fell 2.9% as the German premium carmaker warned that rising inflation and interest rates would start to weigh on sales in the coming months.
☆ Slots to smartphones: Pandemic sends Australia’s gambling problem online
  + stars: | 2022-09-29 | by ( ) www.nbcnews.com   time to read: +5 min
Australia’s gambling industry has been in the spotlight in recent years, with public inquiries lashing its biggest casino operators due to lapses in money laundering protections. Online gambling has also been the focus of inquiries, but with its increasing prevalence, the government has answered consumer advocates with a pledge to take a deeper look. Australia overtook Britain, which has nearly three times its population, to rank third by online loss, behind the United States and Japan, said H2. The new center-left federal government this month said it will hold a parliamentary inquiry into online gambling, though some recommendations of a 2015 inquiry are yet to take effect. “At their fingertips they have 24-hour access to gambling online.
☆ Analysis: Slots to smartphones: pandemic sends Australia's gambling problem online
  + stars: | 2022-09-29 | by ( Byron Kaye Praveen Menon | Byron Kaye | Praveen Menon | ) www.reuters.com   time to read: +6 min
Online gambling has also been the focus of inquiries, but with its increasing prevalence, the government has answered consumer advocates with a pledge to take a deeper look. Australia overtook Britain, which has nearly three times its population, to rank third by online loss, behind the United States and Japan, said H2. The new centre-left federal government this month said it will hold a parliamentary inquiry into online gambling, though some recommendations of a 2015 inquiry are yet to take effect. "At their fingertips they have 24-hour access to gambling online. Wareham, the coffee technician, said he no longer uses poker machines and that family responsibilities help him control his online betting.
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