Latest news with #FlutterEntertainment
Times
18 hours ago
- Business
- Times
Flutter's FanDuel faces US lawsuit over predatory marketing
S ince he took office in December 2020, the mayor of Baltimore, Brandon Scott, has been on a mission to address the the city's challenges. Crime has dropped, with murders falling 20 per cent last year. Scott has also been tackling the city's empty, abandoned houses, investing in youth services and repairing its crumbling infrastructure. This year, he took on another challenge: the damage he says is being done by the growth in online sports betting. In April he launched a lawsuit against gambling firms, including FanDuel, which is owned by Flutter Entertainment, based in Dublin. Scott alleged that FanDuel had been targeting some of the most vulnerable Baltimoreans, inducing them to bet beyond their means and using sophisticated and misleading sales tactics to do so.
Yahoo
4 days ago
- Business
- Yahoo
Flutter Responds To Illinois Transaction Fee
Flutter Entertainment plc (NYSE:FLUT) is among the 10 Best Casino Stocks To Buy Now. FanDuel, Flutter Entertainment plc (NYSE:FLUT)'s top U.S. brand, announced that it will begin charging a $0.50 transaction fee per bet in Illinois starting September 1, 2025. A bustling casino table surrounded by players, highlighting the gaming entertainment offered by the resort. The Illinois legislature decided to impose a new betting transaction fee on all sports wagers in the state on July 1, 2025, and this response comes after that decision. Flutter Entertainment plc (NYSE:FLUT) stated that after previously bearing the 2024 Illinois betting tax hike, the additional expense renders ongoing client subsidies unsustainable. The firm affirmed that the $0.50 cost will be waived in the event that the state changes its policy. According to Peter Jackson, CEO of Flutter Entertainment plc (NYSE:FLUT), the Illinois Transaction Fee penalizes highly invested regulated operators like FanDuel and disproportionately affects lower-wage recreational players. He cautioned that the increased charge would push wagerers to unregulated markets with no consumer protections or tax collection. Flutter Entertainment plc (NYSE:FLUT) underlined that exorbitant fees boost the illegal betting industry while compromising the long-term state income and user experience. While we acknowledge the potential of FLUT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Melden Sie sich an, um Ihr Portfolio aufzurufen.
Yahoo
4 days ago
- Business
- Yahoo
Flutter Responds To Illinois Transaction Fee
Flutter Entertainment plc (NYSE:FLUT) is among the 10 Best Casino Stocks To Buy Now. FanDuel, Flutter Entertainment plc (NYSE:FLUT)'s top U.S. brand, announced that it will begin charging a $0.50 transaction fee per bet in Illinois starting September 1, 2025. A bustling casino table surrounded by players, highlighting the gaming entertainment offered by the resort. The Illinois legislature decided to impose a new betting transaction fee on all sports wagers in the state on July 1, 2025, and this response comes after that decision. Flutter Entertainment plc (NYSE:FLUT) stated that after previously bearing the 2024 Illinois betting tax hike, the additional expense renders ongoing client subsidies unsustainable. The firm affirmed that the $0.50 cost will be waived in the event that the state changes its policy. According to Peter Jackson, CEO of Flutter Entertainment plc (NYSE:FLUT), the Illinois Transaction Fee penalizes highly invested regulated operators like FanDuel and disproportionately affects lower-wage recreational players. He cautioned that the increased charge would push wagerers to unregulated markets with no consumer protections or tax collection. Flutter Entertainment plc (NYSE:FLUT) underlined that exorbitant fees boost the illegal betting industry while compromising the long-term state income and user experience. While we acknowledge the potential of FLUT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None.
Yahoo
4 days ago
- Business
- Yahoo
Emerging Technologies and Regulatory Reforms Drive Growth, UK Leads with Robust Regulation; US Market Grows with State Legalizations
The global sports betting market, valued at US$108.92 billion in 2024, is projected to reach US$198.53 billion by 2030, driven by regulatory reforms, technological advancements like blockchain and VR, and growing digital sports content. As jurisdictions increasingly legalize sports betting, the market is expected to expand at a CAGR of approximately 10% from 2025-2030. Online platforms, especially onshore betting, lead growth due to convenience and rising smartphone usage. Key players like IGT, DraftKings, and Flutter Entertainment thrive in a competitive landscape influenced by mergers and regulatory changes. The COVID-19 pandemic accelerated digital transformation, propelling future growth. Dublin, June 25, 2025 (GLOBE NEWSWIRE) -- The "Sports Betting Market: Analysis by Platform, Type, Betting Type, Sports Type By Region - Size, Trends and Forecasts to 2030" report has been added to offering. The global sports betting market was valued at US$108.92 billion in 2024. The market value is expected to reach US$198.53 billion by 2030. The market is expected to grow at a CAGR of approx. 10% during the forecasted period of 2025-2030. The global sports betting industry is highly competitive landscape characterized by a mix of established players, emerging startups, and technological more jurisdictions legalize sports betting and regulations become more standardized, the sports betting market would expand further, unlocking new revenue streams and driving competition among operators. Moreover, ongoing technological innovations, such as blockchain and virtual reality, hold the potential to revolutionize the industry and offer novel betting experiences to consumers. Additionally, the proliferation of sports content across various digital platforms and the rise of e-sports present new avenues for growth and diversification within the sports betting market. Overall, the convergence of regulatory reforms, technological advancements, and evolving consumer preferences is poised to sustain the momentum of the sports betting industry in the years to the rapid growth of the sports betting market globally has been driven by several key government regulations and policy changes. For instance, regulators are emphasizing the need for operators to implement responsible gambling measures to protect consumers from harm. For example, many jurisdictions require operators to offer tools such as self-exclusion programs, deposit limits, and responsible gambling education initiatives. These regulations not only promote consumer protection but also enhance the credibility and sustainability of the sports betting industry. For instance, the UK has a well-established gambling market with a robust regulatory framework. The Gambling Commission oversees licensing and enforces responsible gambling measures, creating a safe and trusted environment for consumers. Regional Analysis Asia Pacific held the major share of the market. The rising disposable incomes in many Asian countries have contributed to a higher demand for recreational activities, including sports betting, as people have more expendable income to allocate towards entertainment. Additionally, the popularity of sports, particularly football, cricket, and basketball, has surged in the region, driving interest in related betting activities. While gambling is generally illegal in Mainland China, state-run lotteries like the Welfare Lottery and Sports Lottery are exceptions and are permitted by the government. Online sports betting in the country offers convenience and a plethora of options, including markets for popular games like League of Legends and betting is legal in the UK, with a rich history and a well-regulated industry that has made the UK a world leader in sports betting. The Betting and Gaming Act of 1960 legalized betting shops, which quickly became a staple of British high streets. The UK has a long tradition of sports betting, particularly on horse racing events, dating back hundreds of years. The industry underwent a significant transformation with the digital revolution, leading to the development of online betting platforms that revolutionized the way bets are placed, making sports betting more accessible and diverse. The UK Gambling Commission, established in accordance with the Gambling Act of 2005, enforces stringent regulations to protect customers, prevent minors from gambling, and address problem US is regulating online sports betting on a state-by-state basis. For example, New York State introduced online sports betting in 2022, which significantly increased the US TAM (total addressable market) in its first year of going live. To a large extent driven by the potential tax dollars from regulated gambling, more US states and Canadian provinces are expected to regulate in the near term, further expanding the market. Moreover, as the market matures, operators will be able to optimize their offerings and attract more Segmentation Analysis: By Platform: The report provides the bifurcation of the market into two segments based on the platform: Online and Land-Based. The online segment held the highest share of the market and is expected to be the fastest-growing segment in the forecasted period. The online sports betting market has seen solid growth fuelled by the structural shift from land-based to online gambling and the increased demand for digital products and experiences in the sector. The US market has in recent years stood out in terms of growth, and has gradually started to regulate and allow online gambling licenses. Moreover, the increasing accessibility of smartphones, tablets, and computers has made it easier for individuals to engage in betting activities from virtually anywhere, at any time. This convenience factor is driving more people to opt for online betting platforms over traditional brick-and-mortar Type: The online sports betting platform has been further analyzed based on the following types: Onshore and Offshore. Onshore online sports betting held the highest share of the market and is expected to be the fastest-growing segment in the forthcoming years. The onshore segment of the online sports betting market is experiencing robust growth as governments recognize the economic benefits and consumer demand for online betting, they are enacting legislation to permit and oversee these activities. This legalization not only legitimizes the industry but also fosters consumer trust and confidence, leading to higher participation rates. Additionally, onshore online betting platforms are often subject to stringent regulatory requirements and consumer protection measures, which can help mitigate risks and ensure fair Betting Type: The report further provides the segmentation based on the following betting types: Fixed Odds Wagering, Exchange Betting, Live/In-Play Betting, eSports Betting, and Others. Fixed odds wagering held the highest share of the market, whereas eSports betting is expected to be the fastest-growing segment in the forecasted period. Fixed odds wagering is expected to continue growing in the forthcoming years due to its simplicity, accessibility, and widespread popularity among bettors. Fixed odds betting provides certainty to bettors regarding potential returns, which appeals to both casual and experienced bettors alike. On the other hand, the growing popularity of eSports as a spectator sport, particularly among younger demographics, has fueled the demand for eSports betting. Additionally, advancements in technology and the widespread availability of high-speed internet connections have made it easier for fans to watch eSports tournaments and place bets Sports Type: The report provides the glimpse of the sports betting market based on the following sports type: Football, Horse Racing, Basketball, Baseball, Cricket, Hockey, and Others. Football held the highest share of the market and is expected to be the fastest-growing segment in the forecasted period. The immense popularity of football, with its large fan base and widespread coverage across various media platforms, provides ample opportunities for betting operators to capitalize on the sport's popularity. Major football leagues and tournaments, such as the English Premier League, UEFA Champions League, and FIFA World Cup, attract millions of viewers worldwide, creating a high level of interest and engagement among sports enthusiasts. Additionally, the global nature of football ensures a continuous stream of betting opportunities throughout the year, with matches taking place across different leagues and competitions. Competitive Landscape: These industry giants continuously engage in mergers, acquisitions, and strategic partnerships to expand their market presence and diversify their offerings. Additionally, the industry has witnessed the rise of digital platforms and mobile betting apps, intensifying competition further. Regulatory changes and the legalization of sports betting in various jurisdictions worldwide also shape the competitive landscape, influencing market entry strategies and investment decisions for both established firms and new entrants. Market Dynamics Growth Drivers Rising Purchasing Power Increasing Number of Internet Users Increasing Casino Visitation Growing Popularity of Sports Events Integration of Sports Betting with Media and Entertainment Favorable Government Regulations Increasing Use of Mobile Betting Apps Challenges Increasing Gaming Tax Revenues Data Integrity and Security Match Fixing and Integrity Concerns Market Trends Growing Popularity of E-Sports Increasing 5G Adoption Insourcing of Sportsbook Technology Growing Popularity of In-play/Live Betting Consolidation in Online Gambling Market Platform Universality Growing Impact of Technologies (AI & ML, AR/VR, and Blockchain) Increasing Engagement through Social Betting Platforms Multicurrency Factor Key Players in the Global Sports Betting Market International Game Technology Plc. (IGT) Super Group Limited (Betway) Kindred Group Plc Flutter Entertainment Plc. Evoke plc. Entain Plc. Churchill Downs Incorporated Sun International (SunBet) Rivalry Corp. Draftkings Inc. ComeOn Group Fortuna Entertainment Group A.S. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Billionaire Stanley Druckenmiller Loaded Up on These 3 Stocks. Are They Buys?
DocuSign's recent pullback appears to have presented a great buying opportunity for Druckenmiller. The billionaire boosted his stake in Flutter Entertainment by nearly 2,000% in Q1. He also bought a lot more of Teva Pharmaceutical, the second-largest holding of his family office. 10 stocks we like better than Docusign › Stanley Druckenmiller made a fortune working alongside billionaire George Soros. He ran his own hedge fund for years before closing it in 2010. Today, Druckenmiller has a net worth of $6.9 billion and manages nearly $3 billion for his Duquesne Family Office. Given Druckenmiller's tremendous success, could other investors find great stock picks by following his moves? Maybe so. Here are three stocks the billionaire loaded up on in the first quarter of 2025 -- and whether they're smart picks to buy right now. DocuSign (NASDAQ: DOCU) is the world's leading software provider of electronic signature and contract lifecycle management solutions. Its products are used by nearly 1.7 million customers, including 95% of Fortune 500 companies. The stock has declined by a double-digit percentage so far in 2025 (16%), including 9.5% in the first quarter. However, DocuSign's shares are still up more than 40% over the last 12 months. Druckenmiller seems to have viewed the pullback as a great buying opportunity. In the first quarter, filings show his family office initiated a new position in DocuSign, buying 1.07 million shares. It was the largest new holding for the billionaire in Q1 and immediately vaulted into his top 10 positions. This wasn't Druckenmiller's first purchase of DocuSign, though. He also bought the stock in 2019 and 2020, quickly selling for profits both times. Flutter Entertainment (NYSE: FLUT) ranks as the top online sports betting and gaming operator in the world. Its platforms include FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal1, tombola, Betfair, TVG, Junglee Games, and Adjarabet. Like DocuSign, Flutter Entertainment has seen its share price soar more than 40% over the last 12 months. The stock has taken investors on a roller-coaster ride this year, though, falling as much as 31% before recovering. Druckenmiller might have swooped in during Flutter's downswing earlier this year. His family office boosted its stake in the online sports betting and gaming company by a whopping 1,985.5%. That was the biggest increase on a percentage basis in Q1 of any stock in the billionaire's portfolio. Teva Pharmaceutical (NYSE: TEVA) is a major drugmaker based in Israel. Its top-selling product is Austedo, a drug approved for treating involuntary movements caused by Huntington's disease chorea or tardive dyskinesia. Teva also markets many other drugs, including a long list of generics and biosimilars. It's been a rough year for Teva shareholders so far in 2025. The pharma stock plunged more than 40% before rebounding. However, Teva's share price is still down more than 20% year to date and is barely in positive territory over the last 12 months. On a dollar basis, Teva was Druckenmiller's biggest purchase in Q1. He increased his stake in the drugmaker by 65.4%, with his 14.88 million shares worth $228.7 million at the end of the quarter. Teva ranks as Duquesne Family Office's second-largest holding. Druckenmiller has owned a position in Teva off and on through the years. He first bought the pharma stock in 2013 but sold all his shares less than a year later. The billionaire scooped up Teva shares again in early 2014 and exited the position the next quarter. He began building his latest stake in Teva in the third quarter of 2024. I don't think any of these three stocks bought by Druckenmiller in Q1 are bad picks for long-term investors. However, no one should buy any of them just because he did. As we've seen, the billionaire often buys stocks and then sells them quickly afterward. It wouldn't be surprising if Druckenmiller reduces his positions in DocuSign, Flutter, or Teva in Q2. DocuSign could be the best long-term pick of the group. The company's financials are strong. DocuSign's Intelligent Agreement Management (IAM) platform should be a major growth driver over the coming years. If you aren't opposed to so-called "sin stocks," Flutter Entertainment could be attractive. Analysts surveyed by LSEG think Flutter will grow its earnings by nearly 46% next year. Unsurprisingly, this stock is quite popular on Wall Street, with 22 of the 27 analysts surveyed by LSEG rating it as a buy or a strong buy. Value investors could find Teva appealing. The drugmaker's shares trade at a forward earnings multiple of only 6.5. Before you buy stock in Docusign, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Docusign wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $689,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $906,556!* Now, it's worth noting Stock Advisor's total average return is 809% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Keith Speights has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Docusign. The Motley Fool recommends Flutter Entertainment Plc. The Motley Fool has a disclosure policy. Billionaire Stanley Druckenmiller Loaded Up on These 3 Stocks. Are They Buys? was originally published by The Motley Fool
