FLUT Stock Recent News

NEW YORK--(BUSINESS WIRE)--Flutter Entertainment (NYSE:FLUT; LSE:FLTR), the world's leading online sports betting and iGaming operator will host an investor event today, introducing medium-term 2027 guidance and the authorization of an up to $5bn share repurchase program. Flutter holds unparalleled leadership positions in the US and Rest of World (“ROW”)1 through a diversified portfolio of market-leading brands2. These brands enjoy local scale positions and the unique advantages of the Flutter.

Flutter , , the world's largest online betting company, said on Wednesday it expects to more than double its core profit by 2027 and that it had authorised a share buyback of up to $5 billion to be deployed over that period.

Strong market share and growing opportunities in online sports betting could push Flutter Entertainment FLUT shares higher, according to Needham analyst Bernie McTernan, who initiated coverage with a Buy rating and a $270 price target

FanDuel parent Flutter Entertainment (FLUT) said Tuesday that it has agreed to a deal to acquire Snaitech, one of Italy's largest online gambling platforms.

Flutter Entertainment PLC (LSE:FLTR)'s €2.3 billion acquisition of Playtech PLC (LSE:PTEC)'s Snaitech gaming business in Italy is around €70 million below Peel Hunt's sum-of-the-parts valuation for the business, the broker has stated. This in turn implies a 5% lower price of Playtech stock than Peel Hunt's 1,000p target price.

Flutter Entertainment has reached an agreement to acquire Playtech subsidiary Snaitech, in what will see the Irish company become Italy's largest gambling business

FanDuel and Paddy Power-owner Flutter Entertainment PLC (LSE:FLTR) has tabled a €2.3 billion (£1.9 billion) offer for Playtech PLC (LSE:PTEC)'s Italian gaming operator Snaitech. The offer follows a confirmation that talks were underway between the two in August.

NEW YORK / ACCESSWIRE / September 13, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR) ("Flutter"), the world's leading online sports betting and iGaming operator today announces 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 . The transaction fully aligns withFlutter'sstrategy to invest in leadership positions in international markets, securing a podium position for Flutter on completion in the regulating and fast-growing Brazilian market.

FanDuel Parent Flutter Entertainment is IBD Stock Of The Day, flashing a buy signal as investors cheer the start of the NFL season.

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