Flutter Entertainment plc - FLUT STOCK NEWS

FanDuel, North America's leading online gaming company, has announced a second $1 million donation to Operation HOPE, expanding their partnership to promote financial literacy in Kentucky. This initiative comes one year after the launch of mobile sports betting in the state and aims to provide free financial counseling to Kentucky residents through Operation HOPE's HOPE Inside program.

The expansion includes access to Financial Wellbeing Coaches offering virtual and in-person sessions to help individuals manage entertainment spending, build savings, improve credit scores, and decrease debt. This move reinforces FanDuel's commitment to responsible gaming practices and community impact. The partnership, which began earlier this year in Massachusetts, will now extend its reach to Kentucky, with promotional content across various media channels to raise awareness about the free financial counseling services available.

Flutter Entertainment (NYSE:FLUT)(LSE:FLTR) has agreed to acquire Snaitech S.p.A. (Snai), a leading Italian omni-channel operator, for €2.3 billion. This acquisition aligns with Flutter's strategy to invest in international market leadership positions. The deal is expected to close by Q2 2025 and be immediately accretive to earnings per share. Snai, the number three online operator in Italy with a 9.9% market share, generated €947 million in regulated revenue and €256 million in Adjusted EBITDA in 2023. The acquisition will give Flutter a ~30% online share in Italy when combined with its existing business. The transaction is expected to deliver operating cost synergies of at least €70 million and additional revenue synergies.

FanDuel, North America's leading online gaming company, has appointed Caralyn Cooley as its new Chief People Officer (CPO). Cooley, a seasoned executive with extensive experience in scaling global operations and shaping unique corporate cultures, will join FanDuel's Executive Leadership Team, reporting directly to CEO Amy Howe. In her role, Cooley will oversee the company's people strategy, including human resources, talent acquisition, diversity and inclusion, organizational effectiveness, and employee development.

Cooley's impressive background includes serving as EVP and CPO at Bowery Farming, where she played a important role in the company's growth from a single-location concept to the largest vertical farming company in the US. She also held the position of CPO at Nordeus, a gaming studio later acquired by Take Two Interactive for $378 million. Cooley holds a Master's in Industrial & Labor Relations from Cornell University and is an avid sports fan.

Flutter Entertainment (NYSE:FLUT, LSE:FLTR), a leading online sports betting and iGaming operator, has announced an Investor Day event scheduled for September 25, 2024 at 13:00 ET (18:00 BST). The hybrid event will take place at Cipriani, New York, and will be livestreamed for remote attendees.

The event will feature a presentation by management highlighting the Flutter Group's future growth potential and capital allocation opportunities. A Q&A session will follow the presentation. Interested parties can register for the livestream or express interest in attending in person via the company's website, though in-person capacity is

For those unable to attend live, a replay and presentation slides will be made available on Flutter's website after the event.

Flutter Entertainment has announced the acquisition of a 56% stake in NSX Group, a leading Brazilian operator of the Betnacional brand, for approximately $350 million. This strategic move aligns with Flutter's goal to secure leadership positions in international markets, particularly in the fast-growing Brazilian market. NSX, currently the fourth-largest operator in Brazil, is expected to generate revenue of about $256 million and Adjusted EBITDA of $34 million in 2024.

The deal combines NSX with Flutter's existing Betfair Brazil business, creating a strong competitive position in the soon-to-be-regulated Brazilian market. Flutter sees this as a compelling opportunity to drive synergies through its proprietary technologies and expertise, potentially leading to significant market share growth and future profitability.

FanDuel Casino, a subsidiary of Flutter Entertainment plc (NYSE: FLUT), has announced the winner of its $1M Jackpot Summer Sweepstakes. Agostino Limongelli, 62, was crowned the millionaire winner among over 100,000 eligible customers. The promotion, which ran from July 1 to September 1, required players to bet $50+ on selected slot games to earn an entry. Eligible states included New Jersey, Pennsylvania, Michigan, West Virginia, and Connecticut.

FanDuel Group, the premier mobile gaming company in the United States, operates FanDuel Sportsbook, FanDuel Casino, FanDuel Racing, and FanDuel TV. With approximately 17 million customers and 25 retail locations across all 50 states, FanDuel Group continues to expand its presence in the gaming industry.

FanDuel, North America's leading online gaming company, has launched 'Trusted Voices: Conversations About Betting' in partnership with former NBA player Randy Livingston and his wife Anita Smith. This program aims to provide resources for adults to discuss gambling with young people, focusing on risks, warning signs, and support options. The initiative features a video series detailing Livingston's personal struggle with problem gambling and recovery.

Key aspects of the program include:

• Educational resources available at ConversationsAboutBetting.com
• Emphasis on responsible betting and preventing underage access to sports betting platforms
• Collaboration with EPIC Global Solutions for gambling harm prevention

Additionally, FanDuel is expanding its partnership with Kindbridge Behavioral Health nationwide, offering mental health assessments and support services to individuals who self-exclude from the FanDuel platform.

On August 20, 2024, the Court of First Instance in Georgia ruled in favor of Aviator in a copyright and trademark infringement case against Spribe OÜ and Adjarabet, owned by Flutter Entertainment Plc (NYSE: FLUT). The court awarded Aviator $330 million in damages, invalidated Spribe OÜ's trademark registrations, and ordered Adjarabet to cease using the 'Aviator' name for its flagship game.

The lawsuit claimed that Spribe OÜ registered 'Aviator' trademarks in bad faith and infringed on Aviator 's copyright. The court agreed, invalidating Spribe OÜ's registrations and ruling against Adjarabet for illegal use of the Aviator brand and image.

Flutter Entertainment plc (NYSE:FLUT)(LSE:FLTR), a leading online sports betting and iGaming operator, has announced the release date for its second quarter 2024 financial results. The company will publish its earnings report on August 13, 2024, after market close at 16:05 ET (21:05 BST). Following the release, Flutter management will host a conference call at 16:30 ET (21:30 BST) to review the results and answer questions.

Investors and analysts can access the call via webcast or telephone. A public audio webcast will be available through registration or via the company's website. For those unable to attend live, a replay will be provided approximately one hour after the call concludes. Participants wishing to join the live conference call should dial in using the provided numbers and conference ID 20251.