The whirlwind period of July to September of 2022 saw gambling caught up in a farce of political affairs, providing leadership no help to navigate the headwinds of a changing economic climate.
Interim results saw all gambling PLCs outline deep concerns on averse macroeconomic trends driven by high inflation and the costs of living crisis. Challenging factors to test the old adage of gambling being a ‘recession resilient industry‘.
Concerns of ‘consumer belt tightening’ were at the forefront of Flutter Entertainment‘s interim results. Despite maintaining headline growth, the FTSE100 giant saw year-on-year losses widen to £112m, – reflecting a home market downturn for its Betfair, Paddy Power and Sky Bet brands.
