Tag: Flutter
British betting industry reels from online gambling tax hike
A host of Britain’s best-known bookmakers have warned that jobs will be cut, profits will be hit and investment in the UK reduced as they... more
Flutter’s Sky Bet relocates HQ to Malta to slash its UK tax bill by up to £55m a year
One of the UK’s largest gambling firms, Sky Bet, has relocated its headquarters to Malta – in a move that could cut its UK tax bill... more
Former British PM raises tax avoidance concerns over Sky Bet move
Former prime minister Gordon Brown has asked MPs on the Treasury Select Committee to investigate whether betting firms are exploiting the... more
FanDuel to enter prediction markets in December
Flutter Entertainment used its third-quarter earnings call to roll out FanDuel Predicts, its vehicle for competing in the event-contracts... more
India ban drives Flutter Entertainment loss
Despite adverse sporting outcomes, which management acknowledged in an 11 November earnings call, FanDuel parent Flutter Entertainment grew... more
FanDuel abandons Nevada licensing as it launches sports betting prediction markets app
FanDuel, which along with casino operators has been warned by Nevada gaming regulators to abstain from prediction markets or risk their... more
Tribal gaming leaders weigh threat from sports prediction markets and FanDuel’s new app
Two high-ranking executives with the Indian Gaming Association sounded a warning Wednesday that tribes will have to lobby Congress and beef... more
FanDuel CEO: We have flexibility to pivot into sports event contracts
When FanDuel CEO Amy Howe is asked about prediction markets, she seems to have something of a go-to line. “Our North Star has not... more
DraftKings, Flutter shares fall further amid new prediction market entrants, unfavorable NFL results
A mix of prediction market news, an NBA gambling scandal, and bettor-friendly NFL results combined to further batter shares in the two... more
CME plans sports-linked contracts. What does that mean for FanDuel parnership?
Chicago-based derivatives exchange CME Group plans to launch financial contracts linked to sports events and economic indicators before the... more
