Flutter records $370M revenue decline due to NFL losses
An international sports betting and gambling company, Flutter Entertainment plc, simply known as Flutter announced revenue declines due to unfavorable NFL betting results in...
Flutter named in TIME’s 100 Most Influential Companies of 2024
World-renowned sports betting giant Flutter has been listed in the Pioneers category of TIME Magazine‘s 100 Most Influential Companies of 2024 list.
TIME surveyed its worldwide network of contributors and correspondents, as well as independent experts, to compile the list. Nominations came in from a variety of industries. Following that, TIME editors assessed every business based on important criteria like influence, inventiveness, aspiration, and performance. A diverse collection of one hundred enterprises are the end result, “helping chart an essential path forward,” according to Flutter.
Time’s description of Flutter on its website reads:
“A surging U.S. market is bolstering what was already the world’s largest betting company. It’s the parent company of online-gaming powerhouse FanDuel, which, amid a sports-betting boom, has made and expanded deals with leagues including the NBA, NHL, NFL, and MLB, as well as teams.”
“Flutter plans to switch its primary stock listing from London to New York to capitalize on the U.S. market, which opened up after the Supreme Court struck down a federal law in 2018 that barred sports betting in several states. But Flutter’s growth comes at a time when betting scandals and US gambling addiction are in the spotlight. FanDuel and other companies formed the Responsible Online Gaming Association in March, in an attempt to self-govern.”
This accomplishment, according to Flutter, is a “testament to the collective power of the global Flutter Family” and its leading brand portfolio, which has helped to make the past year incredibly successful. With 12.32 million active monthly players (AMPs), Flutter brought in $12.76 billion in revenue worldwide in fiscal 2023—a twenty-five percent year-over-year increase. Flutter emphasized that the company is excited for the next stage of its ongoing expansion in the US and around the world, having completed the transfer of its principal listing to the New York Stock Exchange in May.
Flutter said in a statement:
“We will continue to disrupt our sector, creating a better future for our customers, colleagues, and communities. We aim to achieve true impact through our global sustainability strategy – the Positive Impact Plan – which outlines our goals to help customers Play Well, empower our colleagues to Work Better, work with our communities to Do More, and reduce our environmental impact with our Go Zero plan.”
Peter Jackson, CEO at Flutter, commented:
“I am enormously proud of everyone across our global business for working so tirelessly to make Flutter the fantastic company it is today. Receiving this recognition from TIME offers a well-deserved moment to reflect on our recent successes as we fix our sights firmly on our next phase of growth. We are very excited for the future.”
Flutter opens $3.5M Global Capability Center in Hyderabad
Flutter Entertainment announced that it has invested $3.5 million to open a new Global Capability Center (GCC) in Hyderabad.With more than 700 staff, the...
