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After sharpening his skills under the legendary currency trader George Soros, the billionaire Stanley Druckenmiller started the Duquesne Capital Management hedge fund in 1986. The fund produced 30% returns annually before he converted it into a family office, a private fund that's much easier to manage.

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In 2024, the valuation of the online gambling market stood at a whopping USD 95.5 billion, and is predicted to grow at a compound annual growth rate (CAGR) of 10.5% all the way to USD 257 billion by 2034. This growth is bound to cause a shift in the capital markets, particularly in the iGaming and casino sectors, alongside the digital economy and supportive governance.

DUBLIN and TORONTO, May 14, 2025 (GLOBE NEWSWIRE) -- Flutter Entertainment (NYSE: FLUT; LSE: FLTR) (“Flutter”) the world's leading online sports betting and iGaming operator today announces that it has completed the acquisition of an initial 56% stake in NSX Group (“NSX”), a leading Brazilian operator of the Betnacional brand for cash consideration of approximately $350m 1 .

Flutter Entertainment PLC NYSE: FLUT, which many U.S. investors know as the parent company of the sports betting site FanDuel, announced its quarterly earnings on May 7. The company missed on the top and bottom lines.

FanDuel owner Flutter Entertainment on Thursday boosted its guidance because of acquisitions and currency swings even after nursing losses from a U.S. college basketball tournament devoid of upsets.

Flutter Entertainment plc's Q1 showed continued success from FanDuel. The sportsbook rivalry with DraftKings has continued, whereas FanDuel has recently taken the decisive lead in iGaming. Flutter's international operations were stable in Q1. Going forward, the acquisitions of Snai and NSX should drive good international earnings growth. I estimate FLUT stock to have a fair margin of safety with a fair value of $266.55.

Flutter Entertainment plc announces launch of third tranche of share repurchase program DUBLIN and TORONTO and NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Flutter Entertainment plc (“Flutter”) (NYSE:FLUT; LSE:FLTR), the world's leading online sports betting and iGaming operator, announces that it has entered into non-discretionary arrangements with Davy Securities Unlimited Company to repurchase ordinary shares on Flutter's behalf for an aggregate maximum consideration of up to $225 million on the New York Stock Exchange (the “Buyback”). The Buyback will commence on July 1, 2025 on the New York Stock Exchange, and will end no later than September 30, 2025.

Flutter Entertainment plc (NYSE:FLUT ) Q1 2025 Earnings Conference Call May 7, 2025 4:30 PM ET Company Participants Paul Tymms - Group Director, Investor Relations Peter Jackson - Chief Executive Officer Rob Coldrake - Chief Financial Officer Conference Call Participants Ed Young - Morgan Stanley Jordan Bender - Citizens Bank Jed Kelly - Oppenheimer Bernie McTernan - Needham & Company Ben Shelley - UBS Clark Lampen - BTIG Brandt Montour - Barclays Joe Stauff - Susquehanna Monique Pollard - Citi Robert Fishman - MoffettNathanson Barry Jonas - Truist Securities John DeCree - CBRE Adrien de Saint Hilaire - Bank of America Robin Farley - UBS Chad Beynon - Macquarie Operator Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today.