Core Insights - FanDuel has launched its sportsbook in Puerto Rico, marking the 24th state or territory to offer mobile sports betting through the company [3][4] - The new retail sportsbook is located in San Juan, in partnership with CAGE Puerto Rico II, allowing both residents and tourists to register and place bets [1][2] Company Overview - FanDuel Group is a leading mobile gaming company in the United States, with a diverse portfolio that includes FanDuel Sportsbook, FanDuel Casino, and FanDuel Racing [4][5] - The company operates across all 50 states, serving approximately 17 million customers and maintaining 25 retail locations [4] Registration and Customer Offers - Residents and visitors in Puerto Rico can register in-person at the new sportsbook location, with a promotional offer of $200 in Bonus Bets for first wagers of at least $5 [2] - The sportsbook app provides a user-friendly experience with features tailored for both new and experienced bettors [3][6] Partnership and Expansion - CAGE Puerto Rico II, established in 2020, collaborates with FanDuel to enhance the gaming landscape in Puerto Rico, focusing on video lottery and gaming terminals [7] - The partnership aims to boost local economies and create employment opportunities in the region [7]

Group 1: M-tron Industries, Inc. (MPTI) - M-tron Industries designs, manufactures, and markets highly-engineered, high reliability frequency and spectrum control products and solutions [1] - The company has a Zacks Rank of 1 (Strong Buy) and a PEG ratio of 0.75, which is lower than the industry average of 1.90 [2] - The Zacks Consensus Estimate for its next year earnings has increased by 1.7% over the last 60 days [1] Group 2: Flutter Entertainment PLC (FLUT) - Flutter Entertainment operates in online sports betting and iGaming [2] - The company also holds a Zacks Rank of 1 and has a PEG ratio of 0.57, compared to the industry average of 1.26 [2] - The Zacks Consensus Estimate for its next year earnings has risen by 13.2% over the last 60 days [2] Group 3: YPF Sociedad Anonima (YPF) - YPF is an international energy company focused on hydrocarbons in Latin America, emphasizing efficiency, profitability, and responsibility [3] - The company has a Zacks Rank of 1 and a PEG ratio of 0.21, significantly lower than the industry average of 0.63 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 15.1% over the last 60 days [3]

FanDuel customers can make a free pick in the FanDuel Sportsbook app on which Manning they think will win a live field goal competition for a chance to win a share of $10 million in Bonus BetsNEW YORK, Jan. 10, 2025 /PRNewswire/ -- FanDuel, North America's premier online gaming company and an Official Sports Betting Partner of the National Football League, announced that Peyton Manning and Eli Manning, both two-time Super Bowl Champions, will compete head-to-head on Super Bowl Sunday for the first time in t ...

Company has been a member of the Los Angeles business community for 25 years and is committed to supporting its affected employees and the wider relief efforts NEW YORK and LOS ANGELES, Jan. 10, 2025 /PRNewswire/ -- FanDuel, its parent company Flutter Entertainment (NYSE: FLUT) and fellow subsidiary Flutter International today announced it is donating $250,000 to Americares and the Los Angeles Fire Department Foundation, in support of wildfire relief efforts throughout impacted communities in the greater Lo ...

Summary of Key Points Core Viewpoint - The 2024 NFL season has seen an unusually high number of betting favorites winning, which negatively impacts sportsbooks like Flutter Entertainment and its subsidiary FanDuel. Flutter has lowered its full-year guidance due to these customer-friendly results in U.S. sports betting [1][4]. Financial Impact - Flutter reported a revenue reduction of $390 million and an adjusted EBITDA decrease of $260 million for the period from November 12 to December 31, contributing to an overall adverse impact of $550 million in U.S. sports revenue for the fourth quarter [3][4]. - The company's revised U.S. revenue estimate for the full year is now $5.78 billion, down from a previous range of $6.05 billion to $6.25 billion. Adjusted EBITDA is now forecasted at $505 million, compared to prior guidance of $670 million to $750 million [4]. Betting Trends - The 2024 NFL season has been described as the "most customer-friendly" since the launch of online sports betting, with the highest rate of favorites winning in nearly 20 years [2][10]. - Parlays, which are typically beneficial for sportsbooks, have been unfavorable for Flutter, indicating a potential area of concern for investors [5]. Specific Game Analysis - A significant adverse result for Flutter occurred on December 30 during a game between the Detroit Lions and San Francisco 49ers, where the Lions, as 3.5-point favorites, won 40-34. This game had a high betting volume, with 91% of tickets and 94% of money at FanDuel on the Lions [6][7]. Future Outlook - The Detroit Lions are currently favorites to win Super Bowl LIX at odds of +320, a significant change from earlier odds of +1,200 in February. This could lead to further unfavorable outcomes for FanDuel depending on the number of futures bets placed on the team [8]. - Flutter is expected to report its fourth-quarter financial results on March 4 and provide guidance for 2025, following the NFL Playoffs and Super Bowl [8]. Analyst Insights - Analyst Bernie McTernan from Needham has a Buy rating on Flutter and notes that historically, lower guidance revisions from sportsbooks have presented buying opportunities. However, he advises caution due to potential fiscal budget proposals that could impact online sports betting taxes [9][10][11].

CEO Peter Jackson has overseen Flutter's rapid expansion.Courtesy of FlutterInternational sports betting operator Flutter has warned of a hit to revenues and profits after U.S. gamblers enjoyed a string of winning bets on American football games.The New York-listed owner of FanDuel, Paddy Power and Betfair said late on Tuesday that this year’s NFL season has so far been the “most customer friendly since the launch of online sports betting, with the highest rate of favorites winning in nearly 20 years.”Flutt ...

NFL Season Impact on Flutter Entertainment - The current NFL season has been the most customer-friendly since the launch of online sports betting, with the highest rate of favorites winning in nearly 20 years [2] - This has resulted in lower revenue of approximately $390 million and adjusted EBITDA of around $260 million for Flutter Entertainment from Nov 12 to Dec 31 [2] Revised Financial Guidance - Flutter Entertainment has revised its 2024 US revenue forecast to $578 billion, down from the previous outlook of $605 billion to $625 billion [3] - The company also adjusted its 2024 US EBITDA forecast to $505 million, compared to the earlier expectation of $670 million to $750 million [3] Customer-Friendly Wagering Outcomes - The success of NFL favorites this season has led to better payouts for customers, resulting in a $370 million reduction in Flutter's full-year US revenue [4] - Flutter attributes this to unfavorable US sports results, particularly in NFL Parlay and Same Game Parlay outcomes, which offset strong US player momentum in November and December [1]

NBA Super Slam is exclusively live on FanDuel Casino featuring official NBA marks in gameJERSEY CITY, N.J., Dec. 18, 2024 /PRNewswire/ -- Today, FanDuel Group, the premier online gaming company in North America, announced the launch of a co-branded slot game with the National Basketball Association (NBA), NBA Super Slam. Developed by White Hat Studios, NBA Super Slam will be available exclusively on FanDuel Casino in Michigan, Pennsylvania, New Jersey and Ontario. FanDuel Casino Launches First Co-Branded ...

Flutter Entertainment (FLUT) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual inve ...

FanDuel expands government affairs team with new hires who bring decades of experience and strong relationships to the organizationNEW YORK, Dec. 11, 2024 /PRNewswire/ -- Today, FanDuel Group, the premier online gaming company in North America, announced that James Hartmann and Louis Trombetta have joined FanDuel as Directors of Government Relations. Both Trombetta and Hartmann bring a wealth of experience to the team as FanDuel looks to strengthen its relationships in existing states of operation and new s ...