FLUT Stock Recent News

Paddy Power and FanDuel owner Flutter Entertainment PLC (LSE:FLTR)'s secondary share listing on the London Stock Exchange is well bid this Monday, with the stock adding 1.75% to 16,315p. In a broker note, Jefferies analysts remarked that FanDuel continues to outperform its competitors in the US.

Featuring former NBA Star Randy Livingston – who experienced problem gambling - and his wife Anita Smith, the newest members of FanDuel's RG Ambassador Program Program provides educational resources, including a video series on the risks of underage gambling, the importance of proactive, informed conversations and where to seek help or learn more NEW YORK , Sept. 4, 2024 /PRNewswire/ -- September marks Responsible Gaming Education Month, and today FanDuel, the premier online gaming company in North America, announced a new partnership with former NBA player and basketball coach Randy Livingston and his wife, sports agent Anita Smith, to launch "Trusted Voices: Conversations About Betting.

Betfair and FanDuel owner Flutter Entertainment PLC (LSE:FLTR) said it will appeal the $330 million damages that a court in the former Soviet nation of Georgia has awarded against the FTSE 100 bookmaker over a copyright infringement case.  The Court of First Instance ruled against Flutter and its local partner Spribe over a trademark claim filed by Aviator LLC, a former shareholder of the Irish company's Georgian subsidiary Adjarabet.

TBILISI, Georgia--(BUSINESS WIRE)--On August 20, the Court of First Instance in the country of Georgia ruled in favor of Aviator LLC's copyright and trademark infringement claim against the gaming company Spribe OÜ and Adjarabet, Georgia's largest online casino which is owned by the UK-based company Flutter Entertainment Plc (NYSE: FLUT) (LON: FLTR). The court ruling found copyright and trademark infringement and invalidated trademark registrations based on bad faith registration and copyright.

The impressive performance from Flutter Entertainment PLC's (LSE:FLTR) fast-growing FanDuel business in the US has led Deutsche Bank to up its share price target for the bookmaker.    First-half results provided a "strong finale" to the sector's recent results season, said analyst Simon Davies, hiking his target to £187.17 from £175.89, versus the last closing price just over £160, and reiterating a 'buy' rating.

Flutter Entertainment (NYSE: FLUT ) stock is on the rise Wednesday after the sports betting and gaming company announced its latest earnings results. The good news for FLUT stock starts with its adjusted earnings per share of $2.61.

Flutter Entertainment PLC (LSE:FLTR) second quarter to June was consistent with rival Entain in reporting a stronger-than-anticipated performance with full-year guidance nudged up accordingly, notes Shore Capital. Standouts were the US which grew 39%, the UK (+17%) helped by the Euros, International up 17% (strong Italy) with Australia as the weak spot.

Shares of FanDuel parent Flutter Entertainment (FLUT) surged Wednesday, a day after it reported better-than-expected second-quarter earnings and lifted its full-year revenue outlook.

Playtech PLC (LSE:PTEC) has confirmed talks are underway over the sale of its Italian gaming business Snaitech to Betfair owner Flutter Entertainment PLC (LSE:FLTR) for a figure said to be in the region of £2 billion. In its statement, gaming tech business Playtech said it had given Flutter a period of exclusivity to complete due diligence, though there was no certainty a deal would be agreed.

Betting firm Flutter Entertainment is in talks to buy Snaitech, one of Italy's largest gambling companies, from UK's Playtech in a deal which could be worth 2 billion pounds ($2.57 billion), Sky News reported on Wednesday.