If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month.įor cost savings, you can change your plan at any time online in the “Settings & Account” section. For a full comparison of Standard and Premium Digital, click here.Ĭhange the plan you will roll onto at any time during your trial by visiting the “Settings & Account” section. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. ![]() Standard Digital includes access to a wealth of global news, analysis and expert opinion. ![]() In May, Flutter said FanDuel chief executive Matt King plans to leave the company, and his departure would affect the potential US listing.įlutter credited Mr King with overseeing FanDuel's transformation from a fantasy sports operator to a major player in the US online sports betting and gaming scene.During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. A ruling is expected next year at the earliest. On Tuesday, Flutter confirmed that it has entered legal arbitration with Fox and will "vigorously defend its position". Naturally, the market is expanding and opening up in Flutter's favour and, as it does, it's vital the entertainment group be at the forefront in capturing pent up demand."įlutter's plans to spin off FanDuel by selling a stake on a US stock exchange have been complicated by the departure of its chief executive and a legal fight with Rupert Murdoch's Fox Corporation, according to reports. "While promising to the naked eye, that growth is driven by six additional states legalising sports betting. Mr Jackson said: "In international, which faced particularly challenging revenue comparatives following the growth in poker last year, revenue declines were less pronounced than anticipated as we continue to reposition and invest in the business for long-term sustainable growth."įlutter expanded its stake in FanDuel, a US business, to 95 per cent last year.įreetrade analyst Gemma Boothroyd said: "In the US, Flutter's first-half revenue soared by 159 per cent to £652 million. However, in the end, revenue fell just 15 per cent to £680 million. Its online poker business soared last year as lockdowns started to be imposed and, compared with that period, Flutter had expected a major drop. Meanwhile, Flutter's international unit was not as badly hit as expected. "Our global sports businesses benefited from further enhancements to our products and the return to more normalised sporting calendars while we sustained our strong performance in gaming despite the challenging comparatives set last year."Įarnings before interest, taxes, depreciation and amortisation hit £597 million - more than £100 million ahead of consensus expectations. THE parent company of Paddy Power, Betfair and Sky Bet said its performance had exceeded expectations as it unveiled increased profits for the first half of the year on Tuesday.įlutter Entertainment reported that profit before tax had soared by 221 per cent to £77 million, driven by a massive growth spurt in its US business.Īnd overall company revenue rose 28 per cent, hitting more than £3 billion, compared with analysts' expectations of £2.7 billion.Ĭhief executive Peter Jackson said: "The first half of 2021 exceeded our expectations as we made substantial progress against our operational and strategic objectives while maintaining excellent momentum in growing our player base.
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