The exclusive FanDuel Party will pay tribute to the horseracing community with a $100,000 donation to the Thoroughbred Aftercare Alliance NEW YORK, April 9, 2025 /PRNewswire/ -- FanDuel Group, the premier online gaming company in North America and an Official Partner of Churchill Downs Inc, announced today that Grammy-nominated country music sensation Shaboozey will be headlining the FanDuel Kentucky Derby Party.Following last year's buzzworthy inaugural event featuring performances by Luke Bryan and Ne-Yo, ...

Group 1 - The House Edge is recognized as a unique marketplace service in the casino, gaming, and online sports betting sectors, providing researched insights and analysis [1] - Howard Jay Klein, with 30 years of experience in major casino operations, leads The House Edge and focuses on value investing based on management quality [2] - The intelligence network of Howard Jay Klein spans across various levels in the US gambling and entertainment sectors, enhancing the quality of the research provided [2]

Core Viewpoint - Flutter Entertainment is updating its reportable segments to better reflect its operational management and resource allocation, with no impact on historical financial results [1][2]. Group 1: Segment Reporting Changes - Effective from Q1 2025, Flutter will report two segments: U.S. and Flutter International [2][7]. - Historical financial data for 2024 has been recast to align with the new reporting structure, available on Flutter's website [2][6]. - The recast financial information does not restate previously issued financial statements [2]. Group 2: Financial Performance - For the year ended December 31, 2024, U.S. segment revenue was $5,798 million, with $4,013 million from Sportsbook, $1,524 million from iGaming, and $261 million from other sources [6][10]. - The International segment revenue totaled $8,250 million, with significant contributions from the UK & Ireland ($3,599 million), Southern Europe and Africa ($1,593 million), and Asia Pacific ($1,547 million) [8][11]. - Total reportable segment revenue for Flutter was $14,048 million for 2024 [8]. Group 3: Expense and EBITDA Analysis - In the U.S. segment, total adjusted EBITDA was $507 million, with costs including $3,353 million in cost of sales and $1,278 million in sales & marketing expenses [10]. - The International segment reported total adjusted EBITDA of $2,065 million, with $3,571 million in cost of sales and $1,394 million in sales & marketing expenses [10].

Core Insights - The article emphasizes the importance of thorough research and analysis in identifying investment opportunities and risks in various sectors and companies [1][2]. Group 1: Investment Analysis - The analyst has 10 years of experience in investment banking and private equity consulting, focusing on industry and company research [1]. - There is a strong passion for risk-assets, particularly in growth, contrarian, and emerging markets [1]. Group 2: Professional Development - The analyst is currently pursuing the CFA charter, having completed Levels I and II [1]. Group 3: Disclosure and Independence - The article clarifies that the analyst has no current stock or derivative positions in any mentioned companies and has no plans to initiate any such positions in the near future [1]. - The opinions expressed in the article are solely those of the analyst and not influenced by any external compensation [1].

Analyst's Disclosure: I/we have a beneficial long position in the shares of FLUT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any i ...

Core Viewpoint - Flutter Entertainment is positioned as a leading player in the online sports betting and gaming industry, with significant revenue growth and ambitious future targets [2][4]. Group 1: Company Overview - Flutter Entertainment is the world's leading online sports betting and gaming operator, primarily known in the U.S. for its FanDuel sportsbook [2]. - In 2024, Flutter generated over $14 billion in revenue, significantly outperforming its competitors, with 60% of its revenue coming from the U.K. and the U.S. [3]. Group 2: Financial Goals and Projections - The company aims to achieve $21 billion in revenue by 2027, representing a compound annual growth rate (CAGR) of approximately 14% [4]. - Flutter targets a 25% growth in adjusted EBITDA margin, equating to about 700 basis points of margin expansion [4]. - The company anticipates free cash flow of $2.7 billion by 2027, indicating approximately 36% compound growth [4]. - Flutter plans to return up to $5 billion in capital over the next three to four years [5]. Group 3: Market Dynamics - In 2025, an estimated $3.1 billion is expected to be wagered on NCAA basketball tournaments, which is about 25% of Flutter's annual revenue [6]. - As of March 2025, 38 states have legalized sports betting, but FanDuel is only licensed in 23 states, with limited expansion expected in major markets like Texas and California [7][8]. Group 4: Analyst Sentiment - Flutter stock is currently trading at $241.61, with a 12-month price forecast of $311.41, indicating a potential upside of 28.89% [7]. - Analysts from UBS Group and Macquarie have set price targets of $340 for Flutter stock, which is nearly 10% higher than the consensus price [9].

New problem gambling recovery show with Craig Carton premieres and "Trusted Voices: Conversations About Betting" program introduces new resources NEW YORK, March 19, 2025 /PRNewswire/ -- March is Problem Gambling Awareness Month, and FanDuel, North America's premier online gaming company, is continuing to build its Responsible Gaming platform through new programming designed to expand access to responsible gaming education. The company is expanding its relationship with Craig Carton to launch "The Comeback ...

Exclusive new features include an exclusive ability to combine picks from multiple tournament rounds into one parlay and a new Bet Back Promotional Token NEW YORK, March 14, 2025 /PRNewswire/ -- FanDuel, North America's premier online gaming company, today announced new industry-first product innovations in time for the March college basketball tournament, including an exclusive tournament feature that allows customers to combine picks across multiple rounds into a single parlay and a new Bet Back Token tha ...

Flutter Entertainment FLUT analysts highlight the sports betting and iGaming market share growth of the company after fourth-quarter financial results and guidance.The Flutter Analysts: Citizens analyst Jordan Bender maintained a Market Outperform rating on Flutter and raised the price target from $311 to $328.Benchmark analyst Mike Hickey reiterated a Buy rating and raised the price target from $275 to $300.Needham analyst Bernie McTernan reiterated a Buy rating and raised the price target from $300 to $31 ...

Core Viewpoint - Flutter Entertainment plc has announced a share repurchase program with a maximum consideration of up to $300 million, aimed at reducing its share capital [1][2]. Group 1: Share Buyback Details - The buyback will commence on April 1, 2025, and conclude no later than June 30, 2025 [2]. - This buyback is part of a multi-year share repurchase program totaling up to $5 billion, with an expected return of approximately $1 billion to shareholders in 2025 [2][3]. - Goldman Sachs & Co. LLC will execute the buyback independently, with a maximum acquisition of 17,739,905 ordinary shares, adjusted for shares bought in the first tranche [3]. Group 2: Regulatory Compliance - The buyback will adhere to U.S. Securities Exchange Act rules and EU Market Abuse Regulation [4]. - Repurchased shares will be cancelled following the buyback [4]. Group 3: Company Overview - Flutter is a leading online sports betting and iGaming operator, with a significant market presence in the U.S. and globally [7]. - The company reported $14,048 million in global revenue for fiscal 2024, reflecting a 19% year-over-year increase [9].