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This is why the owner of Paddy Power saw revenues jump in the third quarter

Paddy Power owner Flutter Entertainment saw revenues jump in the third quarter on the back of improving sales in the US and Australia.

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6/16/2020

article This Acquisition by Fanduel's Parent Company Is Creating an Online Gambling Monster
(Wall Street) -- Competition in the online gambling industry is heating up. In 2018, the U.S. Supreme Court cleared the way to allow legal sports gambling, and many...

6/2/2020

article Parent Company Of FanDuel, Fox Bet Raises $1 Billion, With Eye On US Expansion
(USA) -- While the coronavirus pandemic has led to short-term discomfort for sports betting companies, the parent company of FanDuel and Fox Bet sees another angle:...

5/30/2020

article Fox Ups Flutter Bet as FanDuel Parent Sells $1 Billion of New Equity
(Wall Street) -- Fox Corp. is boosting its stake in Betfair and PaddyPower parent Flutter Entertainment as the world’s largest online gaming company said earlier...

5/29/2020

article Flutter surviving COVID-19 thanks to PokerStars, £812m share sale doesn’t hurt
(Ireland) -- UK-listed gambling giant Flutter Entertainment says business is booming despite the lack of major betting sports, but that didn’t stop it from raising...

5/28/2020

article Flutter launches €900m share sale following Canadian merger
(Ireland) -- Flutter Entertainment, owner of Paddy Power bookmakers, has launched a share sale that is expected to raise about €900 million, as it seeks to cut its...
article Paddy Power owner taps investors for cash as online gaming revenues jump
(Ireland) -- Paddy Power owner Flutter Entertainment has said it plans to raise cash to accelerate its expansion plans and bolster its finances amid coronavirus...
article Reins of Stanley Ho empire are in daughter Pansy Ho's hands
(Hong Kong) -- ABOUT an hour after the death of Stanley Ho, the billionaire who built the Chinese territory of Macau into the world's biggest gambling hub, his large...

5/17/2020

article Flutter’s US casino partner to borrow $600m as business re-opens
(USA) -- The US casino partner of Paddy Power owner Flutter hopes to complete a deal to borrow $600 million (€555 million) this week as prepares to re-open some of...

5/8/2020

article Flutter Entertainment Earns Junk Mark From Moody’s in First Post-Merger Rating
(UK) -- Moody’s Investors Service assigned a Ba1 credit rating with a “stable” outlook to Flutter Entertainment, the research firm’s first grade...

4/30/2020

article Flutter to complete Stars Group deal on May 5
(Ireland) -- Shares in betting firm Flutter Entertainment jumped in Dublin today after it said it expects to complete its acquisition of The Stars Group on May 5...

4/17/2020

article Flutter revenues more resilient than expected to sports shutdown
(UK) -- Paddy Power Betfair parent Flutter Entertainment said revenues had been more resilient to coronavirus disruption than expected, with the U.S. gaming market and...

4/2/2020

article Gambling merger gets CMA nod
(UK) -- The proposed all-share combination of Flutter Entertainment (FLTR) and The Stars Group (CN:TSGI) was announced in October. The tie-up would see Stars...

4/1/2020

article Flutter, TSG $12.2 Billion Merger Approved by UK Competition Regulator
(UK) -- Flutter Entertainment and The Stars Group (TSG) have received clearance from UK antitrust regulators to proceed with their proposed $12.2 billion merger. The tie...

3/31/2020

article CMA clears Paddy Power owner Flutter's £10bn gambling merger
(UK) -- The Competition and Markets Authority (CMA) cleared Flutter’s £10bn purchase of Stars after opening an investigation into the tie-up at the start of...
article UK competition watchdog okays Flutter-Stars gambling merger
(UK) -- The online gambling mega-merger of Flutter Entertainment and The Stars Group (TSG) has received a thumbs-up from the UK’s competition watchdog.

3/21/2020

article Flutter Warns It Will Suspend Partners for Ads With Coronavirus Mentions
(UK) -- Betting giant Flutter Entertainment is taking no chances. It has warned its affiliates that they will be immediately suspended if they mention the coronavirus in...

3/3/2020

article Stars Group cutting jobs ahead of Flutter merger
(Ireland) -- With the proposed merger between Irish betting giant Flutter Entertainment and The Stars Group (TSG) going smoothly, TSG’s Dublin office has been...

2/29/2020

article Agenda: Flutter’s betting on the less regulated America
(UK) -- Flutter Entertainment is executing a strategy masterclass through its merger with the Stars Group. It is doubling down on the new frontier of betting and online...

2/27/2020

article From DFS To Sports To Casino, Cross-Sell Drives Growth For FanDuel Group
(USA) -- FanDuel Group saw Q4 2019 casino revenues treble year-over-year, with Betfair Casino reaping the rewards of sportsbook cross-sell. Revenue for the quarter came...
article Flutter Ent revenue tops £2b as FanDuel ‘transforms’ US gambling
(UK) -- UK-listed gambling giant Flutter Entertainment’s revenue topped £2b in 2019 thanks in part to its FanDuel’s brand US online sports betting...
article Flutter chief executive warns coronavirus could disrupt more sports fixtures
(Ireland) -- Coronavirus could claim more sports fixtures following the postponement of Ireland’s Six Nations Rugby clash with Italy, Peter Jackson, chief...

2/26/2020

article FanDuel Employees, Founders Sue Over Getting Nothing in Merger
(New York) -- Former employees and founders of online sports betting company FanDuel are suing Shamrock Capital Advisors and KKR & Co. alleging they colluded to...

2/6/2020

article Flutter-Stars Group Merger to Be Probed by Antitrust Regulators
(Wall Street) -- The proposed $12.2 Billion takeover of PokerStars parent The Stars Group (TSG) by Flutter Entertainment is to come under the scrutiny of the UK’s...

11/11/2019

article U.K’s Flutter Entertainment Relying on Its U.S Growth to Offset Declines in Online Business and Retail
(USA) -- U.K’s Flutter Entertainment is relying on its growth in the U.S market to offset declines in online business and retail back at home. This past Thursday,...

11/7/2019

article Costs, ‘disrupted’ markets push The Stars Group to $52m loss
(Wall Street) -- Online gambling operator The Stars Group (TSG) lost nearly $52m in the third quarter as costs grew faster than its revenue. Figures released Thursday by...
article Flutter’s US betting growth offsets overall online, retail decline
(Wall Street) -- UK-listed gaming giant Flutter Entertainment is relying on its US market growth to offset declines in both retail and online business at home. On...
article This is why the owner of Paddy Power saw revenues jump in the third quarter
(Wall Street) -- Paddy Power owner Flutter Entertainment saw revenues jump in the third quarter on the back of improving sales in the US and Australia.

10/11/2019

article Flutter Entertainment’s Acquisition of The Stars Group Could Place Gambling Markets On Path Toward More Consolidation
(UK) -- Last week, Flutter Entertainment — the parent company of Paddy Power Betfair, Sportsbet and FanDuel — announced its intent to purchase The Stars...

10/7/2019

article Flutter Entertainment $12.2 Billion Takeover Offer is Credit Positive For The Stars Group, Says Moody’s
(New York) -- Last week, Flutter Entertainment Plc revealed a $12.2 billion all stock offer for rival The Stars Group, a deal that, if consummated, would create a global...

10/5/2019

article Agenda: Flutter's Peter Jackson deals the perfect hand for Stars Group deal
(UK) -- Strategically, Flutter Entertainment’s purchase of the Stars Group is the real deal. In a world where bookies have struggled to gain traction in online...

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