Flutter Entertainment Share Chat (FLTR)

Friday close 7,376.00....224.00 (3.13%) ....Bid: 7,368.00....Ask: 7,394.00....Spread: 26.00 (0.353%)

Market Cap: £12.79b

12th April last look .

Share Price .7,614.00..-62.00 (-0.81%) ...Bid: 7,588.00...Ask: 7,596.00...Spread: 8.00 (0.105%)

14th May 2026 5 year low of 6950

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Flutter Entertainment declined approximately 4% in early May 2026 following a guidance revision. While Q1 revenue grew 17%, unfavorable sports results and leadership transitions at FanDuel impacted sentiment. Analysts project sequential improvements in the second half of 2026, driven by new product rollouts and major sporting events like the FIFA World Cup.

Share Price .7,614.00..-62.00 (-0.81%) ...Bid: 7,588.00...Ask: 7,596.00...Spread: 8.00 (0.105%)

https://www.trustnet.com/news/13474027/shock-stocks-that-could-deliver-50-returns-in-three-years

For the first time in many years I am starting to have doubts about Flutter and its prospects to be a huge money making machine. It seemed like they were on to a huge winner by being the biggest fish in what appeared to be the most lucrative sports betting/online gaming market in the world – the United States, but it is all starting to look extremely challenging.

Fan Duel spent a fortune in attracting new customers with generous sign up bonuses, free bets and promotions in order to secure punters. They were making a loss in the US market for so many years because of this but with the vision that eventually they would make large profits in the long run. However now it could all count for significantly less than originally thought. Punters in America have to pay tax on their winnings and many States are increasing these amounts. In Delaware, Rhode Island and New Hampshire punters are paying 50% tax on their winnings. Maine, Illinois, Nebraska, Florida, Mississippi, Texas, Idaho, Washington, Nevada punters are paying approx. on average 24% tax on their winnings. As a result it is no surprise that prediction markets are exploding where punters do not have to pay tax on winnings and Fan Duel are not the biggest player in this market.

Whilst in Europe it seems that leftist governments see taxing betting companies large amounts as a legitimate and fair way to raise much needed taxes. It is no wonder we have seen Flutter’s share price plummet from £230 to £80 in just 8 months, whilst Entain has dropped almost half from £10.31 to £5.78 in the last 8 months.

There is no doubt that both sports betting and online gaming (slots, blackjack, roulette and poker) are still hugely popular but these constant obstacles thrown at them is making this far less lucrative for operators.

I was keen to buy back in here at £77 this last week but I really don’t know now. Look at these latest results, a $407m loss in 2025. The market cap last summer was around £40,000,000,000. It is now £14,660,000,000 but you have to question is it really worth these enormous sums of money if it is recording losses and has so many challenges?

I think this share is best just watched for the time being.

I've got a buy order in at 7450 .

Let's see . The chart RSI is crazy

I am definitely tempted to buy in at this price... but with it all kicking off in the middle east the markets may fall in the coming days so may wait for that to settle down.

Bought in price for me 6970 .

Going to hold here. With a great summer of sport and World Cup could be a good year to invest at this low .

GLA

These look interesting 🤔 at this price.

Anyone bought in recently?

I feel betting companies have been massively overvalued in the past. When this was £230 a share last summer it had a market cap of £40bn and yet they only made £10m profit. With the increase in taxes and the problems in the US market, it seems that even £12bn is still overvalued for a company that is struggling to make significant profit. Definitely just one to watch for the time being.

Another bad day at the office, Polymarket have stolen their lunchbox good and proper

.wealthoracle.co.uk/companies/FLTR

Flutter Entertainment posted strong underlying FY25 numbers today, but FY26 guidance was softer than expected and the share price has slumped 13% and is extending its 6-month correction. If anything, the correction looks harsh and should be viewed as opening up value in what is an otherwise solid growth story. The Group delivered a strong operational performance in FY2025, reinforcing its position as the global leader in online sports betting and iGaming, while continuing to scale profitability despite regulatory headwinds and elevated investment. Revenue and customer growth remained robust. Group revenue increased 17% to $16.4bn, supported by M&A and structural market growth, while average monthly players rose 14% to 15.9 million. Adjusted EBITDA grew 21% to $2.85bn, with margin expanding to 17.4% (+60bps), reflecting scale efficiencies and continued US operating leverage. Statutory net income did swing into a loss of $407m, but this was primarily due to a $556m non-cash impairment following regulatory changes in India, alongside higher amortisation and interest costs. The Group continues to use its balance sheet to grow, net leverage increased to 3.7x, reflecting strategic acquisitions in the US, Italy and Brazil. But it also continues to return capital to shareholders, Flutter returned $1bn to shareholders in 2025 while continuing to invest for growth. Guidance ...

..wealthoracle.co.uk/companies/FLTR

Looks like a couple weeks too early!

Took a position this morning, first time with this share for me.

Many more lawsuits coming against the likes of Polymarket and Kailshi...

https://www.amny.com/law/polymarket-gets-hit-with-class-action-lawsuit-over-sports-betting/

Although its a complex topic and no one knows which way these cases will go, but all states will fight to keep control on sports/gambling regulations, whilst keeping their revenues intact; on the other side, Trump and his family interests will mean that prediction market will have backing from federal government (Trmp Jr has investment in Poly..)...

In my views, gambling in the US is a state topic, and CFTC shouldn't be having a jurisdiction on this by just masking the product offering as swaps/derivates etc. Afterall, it is gambling on the outcome of a sport, no matter what form the bets take..

Thanks. Found the reason for today's fall. Its results by Draftkings last night after US market close. This stock is down 15% in aftermarket close trading, so Flutter down 7-8% is quite in line.. interesting read from its Q4 and outlook statements, but you can find them online..

Thanks SG that explains it.

Results on Feb 26th will interesting.

But yes Polymarket and Mass. legislation is going to be complex, I had no idea so searched who owns PolyMarket (a peer to peer trading model like Betfair)

CoPilot results - Polymarket was founded and is led by Shayne Coplan, with major investment stakes held by Intercontinental Exchange (ICE) and several prominent venture capital firms.

Polymarket, launched in 2020, is a cryptocurrency-based prediction market headquartered in New York City. Shayne Coplan is the founder and CEO, and he retains an estimated 11% ownership stake, which contributed to his status as the youngest self-made billionaire following a major investment deal in 2025 (Coplan, Forbes).

Forbes

+1

In October 2025, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, made a strategic investment of up to $2 billion, valuing Polymarket at approximately $9 billion post-investment. ICE’s involvement positions it as a significant stakeholder and global distributor of Polymarket’s event-driven data, while also partnering on future tokenization initiatives.

TheStreet

+1

Polymarket has also received funding from venture capital and angel investors, including 1789 Capital (associated with Donald Trump Jr.), Polychain, Founders Fund, General Catalyst, and individual backers such as Joe Gebbia, Vitalik Buterin, Dylan Field, Mark Pincus, Travis Kalanick, Glenn Dubin, Peter Thiel, and Brian Armstrong. These investors collectively hold substantial equity, contributing to the company’s $9 billion valuation and $2.3 billion total funding raised across multiple rounds.

Forbes

+1

In summary, Shayne Coplan remains the founder-owner and CEO, while ICE and a consortium of venture capital and angel investors hold major stakes, making Polymarket a mix of founder-led and institutionally-backed ownership. This structure supports both operational leadership by Coplan and strategic growth through ICE’s institutional scale and investor network.

Good comment djwalls, I remember reading that gambling companies paid over a £1m to Labour in donations, you just hope the thinking was that they were worried Labour would hammer them on taxes so this would soften them up and indeed in Reeves' first budget she didn't touch gambling companies. But they have done now. But I still think gambling companies should work together on this - they should all come to an agreement to charge a tax on every bet placed online like the old days, something like 5% of the stake, I don't think punters will mind as they know Labour have forced them to do this. Online slots they can simply reduce the % payout but not much they can do with games like roulette and blackjack.

One thing is for sure is that these gambling companies are popular, a lot of people love betting on football and horses, whilst there are a lot of people who like betting on casino games and slots. Nothing is going to stop the popularity of these companies, these companies just need to adapt to the challenges the government keeps piling on them.

Not specific to Flutter but it seemed obvious from advertising that many top FTSE companies spent an inordinate amount of their time previously mocking the Tories and Trump and slobbering for a Labour government.

Did they really think that these Socio-Marxists who were left out in the cold for over a decade were somehow going to be kind and gentle to them once in power? Most of the big bookmakers diversified into online gaming and casino years ago so even if horseracing was spared (this time) the knock to profits was going to be considerable given a lot of revenue comes from games these days.

I'm not especially political but you never vote Labour, Lib Dem or Green if you want to make money and keep (most of) that money.

No posts for over 5 months.

Flutter is one of my favourite shares to dip in and out of. I managed to buy in at around £161 last year and sell at £210 so made a nice profit. Share price has been falling for quite some time since getting to £230 last July. My thoughts on Flutter right now are not positive, I am just not feeling it with this share right now, I wouldn't have any interest in buying in at present at £144. I can see this falling down as far the £110 sort of figure before it may start improving. Gambling stocks are having a tough time of it, they really do get a rough time of it with leftist governments seeing these as a legitimate targets to tax like crazy. I don't see this reaching the £200 mark for some considerable time. Definitely one to watch but having followed Flutter for many years it is very much a momentum share and all of the momentum right now is downwards.

Guidance up and sp surely up too!

Bullish weekly 7/4/25 outside price bar, enables future sp target of 26085. Price has printed all time new monthly close, but has yet to close above recent previous trading range high. Weekly chart shows beginning 14/7/25, largely inside smaller price ranges and reduced open/close difference, implying price compression, resulting in fast movement when breakout to higher prices. Daily chart shows bullish RSI(relative strength index,) hidden divergence, through lower RSI low while price made higher low. DYOR.

If you're long here the well worth a look at Evoke as well.

Wow, a £76 drop in share price in 7 weeks despite all news being really positive is incredible. £160 did seem a fair share price a few years back but it feels very cheap now. I know other gambling stock such as Entain and Evoke have been in freefall recently but they are saddled with huge debt and are making significant losses and have very little involvement in the US market. Their share price collapse seems very fair and logical but not Flutter's. Obviously the market tanking due to the American tariffs has also pushed the share price down further but with the FTSE100 index just around the 8000 when it was 8900 just a few weeks ago means there is a lot of positive days to come to help push the share price up.

I think Flutter are super strong and are getting it right with their strategy. I just cannot see this share price going much lower, it would be just way too cheap if it ever fell back to the £130s whilst we know this share price can reach £236.

I totally believe this is a great buy in price.

Does any body know any possible reasons (other than the gaming tax hikes in a couple of states) causing the recent sharp correction in share prices - down 12% from the recent high?

I've been thinking (wrongly) the impending release of the Q4 earnings on 4th March would be supporting the shares to reach new high and more...

Down 3% tody is my prediction.

After 3rd Q results release at 9.05 pm, Flutter is trading at £209 ($267). Very volatile, as the evening after-market often is, but the numbers look good, apart from two warnings that 4th Q customer results on NFL bets are presently more unfavourable than the 3rd Q was very favourable to the house.

Tomorrow's more measured, general trading looks like being positive. Will London open at £200+?

How KC blocked that last-second field goal to win the game is beyond belief.

On the way to £160 again, with luck, based on last night's results. The US betting market seems to be becoming a two horse race between Fan Duel and Draft Kings, with our man's nose just out in front.

Guidance upped for full year . Sp will rise 5-10% imv in the morning.

Results out later today and I should have thought favourable euro results would be lifting the sp, time for a flutter?

I held no brief for the Tory prime ministers since Cameron and rather despised Johnson's fundamental dishonesty, laziness and marital shenanigans. Johnson though does have the ambitious chancer's nose for others weaknesses and observed in late August that while the support for Labour was miles wide, it was only inches deep. So Friday's opinion poll showing a Labour lead of just 1% was almost expected. Though maybe a year or two down the line. Certainly not within 3 months.

The incompetence of Starmer is unbelievable, especially from a man who occupied a "Caesar's Wife" position as head of the Crown Prosecution Service, where his conduct had to be seen to be above suspicion. A whiff of corruption over the prosecution, or non-prosecution of an arrested party, casts a nasty shadow over the entire process. He had to know that "Freebies" for himself, his wife, and any of his ministers was an enormous No-No.

We have sat through a summer of pensioner bashing, public bickering over the state of the government's finances, £3,500 spectacles for the PM from a wealthy party donor, the defenestration of one very angry woman, Sue Grey, who had "Trouble" written all over her forehead from the moment she first appeared as a Johnson appointee (just like Cummings), and a PM whose public photographs resemble that of the school swot caught with his pants half-way down. All accompanied by a tsunami of leaks to the Press & TV.

Now we are into the Budget farce stage. Instead of silence, diligence, and the execution of a well-thought out plan, we appear to be in the midst of an "OMG, we've got to cover this £22B shortfall that we announced and we've painted ourselves into one helluva corner, by 'promising' not to touch income-tax or VAT for 'average workers'. Quick, what can we go for?"

Capital Gains Tax has been in their sights, but they ignore one vital point. CGT is optional. It's the opposite of a pay-packet. It affects a tiny minority of UK taxpayers, because the liability only arises when you sell something at a profit. Unless I have to sell a profitable holding, I won't, especially if the tax rate is raised to 40 or 50%. Meantime, by telegraphing the strong possibility, the astute minority of holders of large paper-profits have been analysing their assets and liquidating where necessary, so removing Ms. Reeves opportunities in 25/26. Besides the history of CGT, since 1965, shows clearly that at 20% investors don't mind sharing their profits with 11 Downing Street. Anything much more than that and we'll sit on our profits for a few years until the current Chancellor gets fired, either by the PM, or the electorate.

Talking of the PM, can anyone see this man leading his party into the 2024 election? What's worse, is when you look behind him. Weaklings all. The only person with credibility appears to be the elected mayor of Manchester and he's too intelligent to get involved with Westminster. Interesting times.

These shares will double in the not too distant future. The FanDuel juggernaut is really getting into gear now, with all the years of investment starting to bear fruit

Absolutely agree. I don’t know who would buy shares at this price, £174 a share? Flutter valued at £31 billion pounds? Absolutely no way.

Compared to US companies it is cheap - gambling growth in us is something like 30% atm.

This still seems overvalued when compared to other gambling companies like 888 or Playtech

The forecast PE on 888 is only about 3

Share was up 15% on the day 18th January below.

Good right up in today's London evening standard .

They reporting doing very well in USA .

Broker CA notice they are going to convert to USA listing .

£152.25 today broker shows 3% down since the ISA re buy in April.

That was lucky closed £158.85... TYJ
A lot of messing about if you do not go for the bed & ISA , maybe only worth it if larger money size .
The 1% stamp duty makes others better for trade messing .

Company was formed in 2016 from the merger of Paddy Power and Betfair Group.
Must of been around £10 at merger time .
Bought them all back in the ISA for £155.37 8.30am did not take into acc Irish so 1% stamp duty .
The sale 156.86 to the repurchase 155.37 around 1% cheaper , sheer luck as got day low by 15680 by 10.30am .
In hindsight better to do this last year when it was under the £10 .
Might buy them in ( D )

Messing with ISA as this on year high .
looking for £156.86 but it dropped decided to place limit for 15700 lifted around 4pm .
5 year high 19/3/21 £169.15.
low after 15/7/22 £78.72 ( less then half of today's sale )
Not sure what I paid for them at present , transferred from closed down broker .
Before merger maybe .

DGI post recommended

I’m already in that one, but thanks anyway😘

For those that look for great tips, please have a look at #DGI.

Last year, Flutter became the first online betting operator to turn a profit in the United States since the lifting of a sports betting ban there in 2018. It had forecast full year U.S. core earnings of 140 million pounds in November.

Its full year revenue in the United States was 41% higher year-on-year, driving a 25% increase across the group to 9.5 billion pounds.

That was ahead of the 9.4 billion pounds LSEG SmartEstimate, weighted toward forecasts from analysts who are more consistently accurate.

Fourth quarter revenue growth of 4% in its international division, a 2% dip in Australia and 19% jump in the UK and Ireland, where it won further market share, were in line with guidance, the company said.

Isn’t this what we all want from our shares. Get in!

This is well worth a flutter

Yep, took a small punt here today of 100 shares just after the bell, already up.

Future is bright.

Gl all,

g^f

Two viewpoints here. Yoy Q3 growth for DK of 57.4% and FD 11.7%, or as Jackson seemed keen to push yesterday FD NGR of 47% which is 50% higher than DK. The market voted, even though DK continues to burn through its cash, they have momentum. With both claiming to be No1 in the OSB market, and ESPN and Fanatics about to enter the market, the next 6 months with the New York listing will be an interesting watch.

Well… when I read the update it was kind of in line with what was expected. My last three months betting on sports was profitable so it was no surprise to me that they said results had been customer friendly. Revenue increasing is good although if customers have been winning they would bet more as they have winnings to bet with, so I don’t read too much into that. The American side of the business is still Flutter’s best part of the business by a long way in terms of potential. I would hope to see some good profits soon, I get that they have to spend a lot on advertising and promotions to attract new customers, hopefully in time that will be lucrative although will have to wait and see what obstacles the US government throw at gambling companies and how many competitors enter the market.

I think the drop today is over done but there is unlikely to be much news for a while now so I think the share price has more downward pressure on than upward momentum. Got a feeling this may slide back to £100 a share in the coming months but it’s a difficult one to predict.

Https://www.proactiveinvestors.co.uk/companies/news/1034197/flutter-and-entain-see-forecasts-scaled-back-as-us-competition-hots-up-1034197.html

Https://www.proactiveinvestors.co.uk/companies/news/1031898/can-flutter-echo-entain-s-wins-while-avoiding-the-same-setbacks-1031898.html

*slight correction to the previous post. It is bet two £10 accas and get a free £10 acca bet. One per week.

Nice and interesting read Gewillia. They must have been good days, living like kings off the bookmakers must have felt good. There is a real excitement in doing that. Does the system still work in this current day? It’s always been a question I’ve been interested in - can the bookies be beaten?

I still maintain that Virginbet is the best sports betting platform (excluding the exchanges), the number of free bets they have on offer is ridiculous, they have a bet two £10 accas (4 selections with odds of 4.0 or higher) and get a free £10 bet. They have bet £10 on a single football match on Saturday and get a free £5 bet. Two Saturdays ago they had an offer of bet £10 on a particular race and get a free £10 bet if your horse loses (I won on a 12/1 shot that race). They also have free games you can win cash on. I wish now I had placed some big bets with Virginbet and Layed the same bet on the exchanges hoping to lose on the Virginbet so I’d appear to be a losing account.

I still bet on football daily but it’s not profitable long term, my main focus is pre race trading on the Betfair exchange. I’m studying pre race markets and trying to solve the puzzle, I’m hopeful.

It is as you say commonplace bookmakers closing profitable accounts. It is therefore surely a very lucrative operation if their customers are primarily losers.

My deepest sympathies, CJ. I'm afraid all bookies have always been ruthless in closing winning accounts. I learnt that lesson in 1965, aged just 18, as a student. I had a friend with equine connections and he taught two of us how to handicap 2-year-olds. Al's system worked. We learnt how to operate it and in short order we were shut down by Hill's, then Ladbrokes, and two big Liverpool bookies. The secret was to back one horse per day and back it hard, say, £5 or £10, maybe £20 EW, which was a fair amount of money in those days. And then leave all the other races, especially handicaps, alone.

With no credit facilities, the only way round the problem was to bet in cash. Each shop had their own limit, where they had to call their local head office if the bet exceeded about £5, to get permission to take or refuse the it. So the secret was to chat the staff to discover that limit and then later bet just under it. My diary recorded each shop's limit.

It kept me very trim as I spent my lunch-hours traipsing round the back cracks of Liverpool city centre dropping off four quid here and six pounds there. Our trio had a very profitable four years. My memory of our best flat season was my profit of £1,250 which enabled us to live like kings, going to the Henley rowing, skiing in Aviemore and Ascot for the Eclipse weekend. Then we all graduated, got proper jobs as an accountant, lawyer & surveyor, earned good pay and gave up trying to outwit bookmakers.

But it left me with a great love of both flat & NH racing that endures to this day. Where it's easy to place a £10,000 bet on a stock, but the returns are a much more conservative 8% compound.

It has to be so much easier today for bookies to track profitable accounts via their computers, but against that there is a great plethora of online firms. So I'm wondering if you went to the trouble of opening, say, a dozen different accounts and never betting more than once a fortnight with each, you might get away with running a profitable enterprise., by keeping under the radar. Also presumably the Betfair Exchange wouldn't fire you, would they? Anyway, I wish you Good Luck, whatever you do.

Hi CJ39, the behaviour of Virginbet that you described is on par to that to be expected from an underground bookie, is't not? So, I've to add another qualification now - a great user experience is not just solely the apps but also customer service too.

Well since I wrote a week ago saying Virginbet was perhaps the best app, I’ve been effectively banned from using them. I was around £330 in profit since I opened the account in the summer. I got an email saying my account had been reviewed and I was no longer eligible to enter any promotions and my stakes will be restricted (to pennies) on any bets I place. Shocking! This is nothing short of a disgrace that they can turn away customers who maybe taking money off them but it’s ok if Virginbet take money off customers. I’m fuming at that. I hear this is a common practice from all online bookmakers including Paddypower and Skybet which seems immoral. Thank goodness for the Betfair exchange where the bookmaker does not care if the punter making a lot of money.

I agree with Cukkas that the quality of the apps are a major thing when betting. William Hill’s app is really very good, the best by a long way. Betfair sportsbook is so ordinary, the odds are really poor compared to other sites and it’s just boring and lame. I think they need to market and advertise more or have they given up with the UK scene. Have you seen many adverts lately for the Betfair exchange or paddy power?

Sounds a lot more promising over in America with fan duel. I too am interested in seeing the profits this coming year as in the past it was showing as a loss as the cost of attracting and retaining punters was high.

Off topic but for those looking for other gambling opps also, 888 tipped as a buy in Seeking Alpha today:

https://seekingalpha.com/article/4629849-888-holdings-ltd-a-below-the-radar-sports-betting-

Reply

Neither Flutter nor 888 paid any dividends in 2022, Entain paid less than 1%.

Why bother?

888 seems to offer much better value now than Flutter or Entain

Flutter trades at about 3x Revenue

Entain trades at about 2x Revenue

And 888 is only trading at about 0.25x Revenue

And a forecast PE of only 3

So the 888 share price could easily rise by about 300% without looking expensive

So earnings were great, strong growth where is matters in the U.S.

So, why the dump?

Another post saying its Disney jumping into the space, but that should, and will imo, be a positive effect on the industry.

I think it was the confirmation of a US listing, which i suppose acts like a dillution, if not technically. Long term a us listing will push the SP higher, greater liquidity and more exposure to the growing hype on us sports betting.

Not sure what else it could be, as the guidance was fine also.

With great respect, I disagree with Taverham and Cukkas. Penn is a casino and racetrack enterprise with over 44 assets. It has made a very half-hearted attempt to get into bookmaking. Last I looked, it's market share was 3%.

Disney is today partly a real-estate operation, looking for sites to build and expand hotels, with, and without, attached casinos. Penn's asset-heavy base is right up their street.

FLTR has fallen today because expectations of the float of Fan Duel on the NYSE have been postponed until the year-end, or more likely, just after, instead of during the fourth-quarter, imo. So postponing what should give an enormous boost to the SP.

But with 47% of the US bookmaking market, FLTR is on track to be a world-wide colossus and very profitable. I see this slight dip in the SP as a buying opportunity.

Disney is getting involved in this market according to bloomberg - hence the drop here.

I think this will bounce tomorrow once the analysts look through the numbers.

This news overnight is the cause:

https://www.ft.com/content/8ef5b93e-4e59-4ab2-87a9-451d2c92932b

Disney’s ESPN moves into US sports betting with $2bn Penn Entertainment deal

Cable network agrees tie-up with casino and online gambling group that displaces Dave Portnoy’s Barstool Sportsbook

Penn will rebrand its US sports betting portals to ESPN Bet under the terms of a deal announced on Tuesday © AP

Disney’s ESPN moves into US sports betting with $2bn Penn Entertainment deal on twitter (opens in a new window)

Disney’s ESPN moves into US sports betting with $2bn Penn Entertainment deal on facebook (opens in a new window)

Disney’s ESPN moves into US sports betting with $2bn Penn Entertainment deal on linkedin (opens in a new window)

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Disney is pushing into the US sports betting industry, tying its ESPN cable network to the casino and online gambling company Penn Entertainment in a $2bn deal.

Penn would rebrand its US sports betting portals, available in 16 states and currently known as Barstool Sportsbook, to ESPN Bet, the companies said on Tuesday. The move comes less than six months after Penn completed a $551mn acquisition of Barstool, the sports gambling and entertainment site founded by Dave Portnoy in 2003 and which has become known in the US for its boisterous and occasionally controversial commentary.

Under the terms of the agreement, Penn will pay ESPN $1.5bn in cash payments over a 10-year term and grant $500mn in warrants for Penn stock. The rebranding will take effect this autumn.

Penn will sell the entirety of common stock in Barstool back to Portnoy “in exchange for certain non-compete and other restrictive covenants”.

The deal between Penn and ESPN is a watershed moment for Disney’s sports cable network as it continues to build out its streaming platform ESPN+ and it has tapped advisers to examine its options.

In a video statement posted to his Twitter account, Portnoy alluded to “hit pieces” by The New York Times and Insider as among the reasons for the divestiture and said Barstool and Penn were “denied licences because of me”.

The New York Times in 2022 profiled Portnoy as someone who promoted irresponsible gambling, while the previous year Insider spoke with several women who accused him of sexual misconduct.

“We underestimated just how tough it is for myself and Barstool to operate in a regulated wor

Market disappointed that outlook only 'broadly in line' with expectations?

Flutter today has not only blown a hole in the £150 per share barrier, but some lead-footed institution came in at precisely 2.30 pm and bought over 40,000 shares in one trade at £168.32, costing them over £6.5 million and almost setting a new all-time-high. I'm suspicious that the timing was precisely the moment that New York opened for the day.

Then the uncrossing trade at 16.35 saw almost 92,000 shares change hands at £152.10p, followed, two minutes later, by 5 simultaneous trades of c. 10,000 shares each at between £149.82 and 151.72 for a cost of c. £7.5 million.

All this can scarcely be because of the 3 pm announcement of a trading update on 3rd May, surely? Though maybe the market is finally waking up to how undervalued FLTR has been from Nov. '21 until Feb. this year. Happy Days!

This is surreal...

https://www.thetimes.co.uk/article/tory-mp-scott-benton-lobbying-investigation-ckhzrfqg0

Benton, 35, is chairman of the all-party parliamentary group for betting and gaming...

"Later in the meeting, the conversation moved on to whether he could obtain a copy of the gambling white paper in advance of publication and leak it to the company."

•Guaranteed he could leak a copy of a forthcoming white paper on gambling reforms to the company at least 48 hours before it went public, potentially allowing them to profit from market-sensitive information.

Some years ago, Ticino, they suspended paying dividends because they considered their debt level to be too high, compared to their ebitda. If you look back through their half-yearly results, possibly around 2019 or 2020, you'll see they stated a debt/ebitda multiple target at which, once reached, they'd resume dividends. I can't remember what it was - age, don't you know!

New investor - but wondering why flutter diesnt oay dividends ?

uncommon results should benefit us too!

Well it didn't take long! Another banker bites the dust and all betting companies will benefit.
Get into this share now before England entertain USA on Friday!