Flutter Entertainment Archives - Legal Sports Report

Analysis: Five Key Takeaways From FanDuel Q3 Results Call

FanDuel took a $20 million hit from bad NFL results in October but said it maintained its US sports betting market lead. Read More

Posted on: November 2, 2021 | | Brad Allen

The Week In Sports Betting News: Operator Conference Calls On Deck

Happy Monday, everyone. This is an important week for sports betting news as multiple big operators will report third-quarter results. As for last week’s news, the LSR Podcast is the perfect place to start for updates on New York sportsbooks, the minimum hold requirement in Tennessee and more. Make sure to follow @LSPReport on Twitter […] Read More

Posted on: November 1, 2021 | | Matthew Waters

FanDuel Targets Profitability By 2023 As Q2 Revenues Soar

FanDuel had a 45% share of US online sportsbook revenue in Q2 and is extending its lead, Flutter said Tuesday. Read More

Posted on: August 10, 2021 | | Brad Allen

Analysis: Hurdles In Front Of FanDuel IPO In US Stacking Up

A publicly-listed FanDuel may be worth half of what some analysts projected just two months ago. LSR examines what has changed. Read More

Posted on: May 25, 2021 | | Brad Allen

Flutter Announces FanDuel CEO Matt King Plans To Step Down

FanDuel CEO Matt King will step down in the near future, putting plans for a US public listing in question. Flutter Entertainment, the parent company of FanDuel Sportsbook, announced King’s intent to depart the business in an email Tuesday evening. The announcement highlights King’s role in helping FanDuel navigate the post-PASPA landscape in the US; […] Read More

Posted on: May 12, 2021 | | Adam Candee

Fox Corporation Acquires Outkick With Sports Betting Content In Mind

Fox Corporation wants to push further into sports betting content through the purchase of media outfit Outkick. Fox executives announced Wednesday the acquisition of digital media company Outkick. During the company’s fiscal year 2021 third-quarter earnings call Wednesday, Fox CEO Lachlan Murdoch said the acquisition is key to a growing focus on sports betting content […] Read More

Posted on: May 6, 2021 | | Pat Evans

Flutter To Exclude ‘Struggling’ Fox Bet From Potential FanDuel IPO

FanDuel Group accounted for 91.6% of Flutter US revenues in Q1, while Fox Bet and PokerStars came in at just 8.4%. Read More

Posted on: April 29, 2021 | | Brad Allen

How Is A Potential FanDuel IPO Affected By Fox Suing Flutter?

Fox has filed suit against Flutter over the value of a 2021 option that allows Fox to buy an 18.6% stake in FanDuel. The suit was filed this week and will be heard as an arbitration before JAMS in New York rather than court. CNBC first reported the suit, which the companies since confirmed. What’s the […] Read More

Posted on: April 6, 2021 | | Brad Allen