Flutter Entertainment plc - FLUT STOCK NEWS

FanDuel Group (NYSE: FLUT) has launched NBA Super Slam, the first co-branded slot game with the National Basketball Association. Developed by White Hat Studios, the game is exclusively available on FanDuel Casino in Michigan, Pennsylvania, New Jersey and Ontario.

The basketball-themed slot game features official NBA marks and creates an immersive arena experience with cheering crowds. Players can spin for hoop symbols to collect basketballs with various cash values. The game is being promoted by Chandler Parsons, co-host of FanDuel TV's 'Run It Back'.

FanDuel Group, North America's premier online gaming company, has strengthened its government relations team by appointing James Hartmann and Louis Trombetta as Directors of Government Relations. Hartmann, a former prosecutor and Chief Counsel to the Illinois House Speaker, brings significant legislative experience, particularly in gaming legislation. Trombetta, the former Executive Director of the Florida Gaming Control Commission, contributes over a decade of gaming industry expertise. These strategic hires aim to enhance FanDuel's relationships in existing markets and support expansion into new states.

FanDuel Group, a subsidiary of Flutter Entertainment (NYSE: FLUT), operates across all 50 states with approximately 17 million customers and 25 retail locations, offering services including FanDuel Sportsbook, FanDuel Casino, and FanDuel Racing.

FanDuel has launched 'My Spend', a new responsible gaming dashboard that helps customers track their spending patterns and manage budgets. The tool provides personalized stats including deposit amounts and net winnings over various timeframes (7 days, 4 weeks, or 3 months).

The dashboard integrates with FanDuel's existing responsible gaming tools, such as deposit and wager limits. Developed based on research showing players' interest in personalized activity insights, My Spend will be promoted through a new advertising campaign in both English and Spanish across multiple media channels.

The feature is available across all FanDuel products, including Sportsbook, Casino, Fantasy, Racing and Faceoff.

FanDuel Casino has announced a one-day sponsorship of free tolls and rides on December 18th, 2024, across multiple transportation systems in New Jersey and Pennsylvania. The initiative includes the Atlantic City Expressway Pleasantville Toll Plaza (12 am-11:59 pm ET), PATH commuter rail system (8:00 pm-11:00 pm ET), and SEPTA Broad Street Line (6:00 pm-12:00 am ET).

The promotion is part of FanDuel's casino brand campaign and is available to all travelers, regardless of whether they are FanDuel customers. FanDuel Casino, available in New Jersey, Pennsylvania, Michigan, Connecticut, and West Virginia, offers mobile gaming including slots, blackjack, table games, baccarat, and live dealer casino games to customers aged 21 and above.

The PokerStars Women's Winter Festival has made history as the largest women's poker event outside Las Vegas, with 271 female players participating in the $400 buy-in Main Event at London's Hippodrome Casino. The event featured a £100,000 guaranteed prize pool, with Maria Lampropulos winning £20,000 and the PokerStars trophy.

The festival included PokerStars' first Women's High Roller event and a unique 50/50 event with equal male and female participation. With women typically comprising only 3% of tournament fields, the festival aimed to increase female participation in poker through a supportive environment, featuring poker bootcamps and tutorials from November 21-24.

Flutter Entertainment has announced the launch of its first share repurchase tranche of up to $350 million on the NYSE, starting November 14, 2024, and ending March 31, 2025. This represents the initial phase of a larger $5 billion share buyback program authorized in September 2024. Goldman Sachs will independently execute the buyback, with a maximum limit of 17,739,905 ordinary shares. The program aims to reduce Flutter's share capital, with all repurchased shares to be cancelled. Future buyback decisions will depend on capital requirements and market conditions.

Flutter Entertainment reported strong Q3 2024 results with revenue up 27% to $3.25B and average monthly players increasing 16% to 12.92M. Despite overall growth, the company posted a net loss of $114M, though this marked a 56% improvement from the previous year's loss. Adjusted EBITDA grew 74% to $450M with margin expansion of 380bps to 13.9%. The US segment showed particularly strong performance with 51% revenue growth and 28% player growth. The company announced a $5B share repurchase program over 3-4 years, with the first $350M tranche starting November 14, 2024. Management raised FY2024 guidance slightly, projecting 22% revenue growth and 35% Adjusted EBITDA growth.

Flutter Entertainment (NYSE:FLUT)(LSE:FLTR), a leading online sports betting and iGaming operator, has scheduled its Q3 2024 financial results release for November 12, 2024, after market close at 4:05 p.m. ET. Management will host a conference call at 4:30 p.m. ET the same day to discuss results and take questions. The earnings release and supplementary materials will be accessible through Flutter's website. A public audio webcast will be available with replay options, and analysts can participate via dedicated dial-in numbers using conference ID 20251.

The American Gambling Awards has named Amy Howe, FanDuel Group CEO, as the C-Suite Executive of the Year for 2024. Since taking the role in 2021, Howe has driven significant growth and innovation at FanDuel. Under her leadership, the company launched the Women's Leadership Development Program and introduced The Pulse, an innovative real-time betting experience.

FanDuel became the first online sportsbook to achieve EBITDA profitability under Howe's guidance. She has also strengthened partnerships with major leagues like the NFL, NBA, WNBA, and MLB, offering exclusive streaming access to fans. The American Gambling Awards, produced by Gambling.com Group (Nasdaq: GAMB), recognize excellence in the U.S. online gambling industry.