Sports Betting Industry News

FanDuel Parent Flutter Prepares To Pull London Stock Listing

FanDuel parent Flutter Entertainment plans to delist from the London Stock Exchange, leaving the Ireland-based company with a single stock listing in New York. The company said the last day of trading in London will be July 31 with the delisting becoming effective at 8 a.m. local time on Aug. 3. Flutter shares will continue […]

FanDuel Reports Mixed Q1 Results, Changes Leadership

Flutter Entertainment’s latest earnings report landed at a complicated moment for FanDuel. While the company posted strong online casino growth and improving sportsbook trends, the quarter was overshadowed by the abrupt exit of FanDuel CEO Amy Howe, lingering concerns about sportsbook momentum, and Flutter’s escalating push into prediction markets. The abrupt departure of Howe was […]

DraftKings Reported Strength Across All Segments In Q1 Earnings

DraftKings reported a strong first quarter with improved sportsbook margins, growing online casino revenue and an aggressive push into sports prediction markets. The Boston-based operator reported revenue of $1.65 billion in the first quarter, a 17% year-over-year jump, up from $1.41 billion. Adjusted EBITDA rose 64% to $168 million and the company posted net income […]

Fertitta Entertainment Buying Caesars At $31 A Share

Fertitta Entertainment is making a $17.6 billion bid to expand its gaming empire, agreeing to acquire Caesars Entertainment in an all-cash deal announced Thursday that would take the casino giant private. A completed transaction would combine Caesars’ casino and digital gaming operations with Fertitta’s network of casinos, restaurants and resorts, including Golden Nugget and Landry’s. […]