Flutter Entertainment Share Discussion Threads

[solarman2013] 30/3/2022 09:59

The promo days are over which initially gave Caesar’s a lot more market share. I predict FD share will surpass 40% by summer.

[pughman] 30/3/2022 07:26

Robust numbers from NY, with a GGR of $100m in the first 72 days, but the tax rate is a lot higher than 51%. Add on the 0.25% fed tax on handle and the inclusion of promo bets, which on a conservative basis are running at 30%, I'd be surprised if the tax rate is under 80%.

[the white house] 30/3/2022 06:59

New York mobile betting data to dateFanDuel 1.5bn 35% market share turnover (profit higher)However many operators launch the brilliant FanDuel (Flutter) strategy (& far less expensive than the misguided Caesar giveaway-which they had to amend) ends up leading the pack

[the white house] 30/3/2022 06:40

Poor postPropaganda from a self employed egotist who has a useless income and expenditure app he is trying and failing to promote to effect Cheltenham races 10 days ago, the Worlds biggest national hunt festival, had sold out 80000 crowds daily and the highest ever percentage of viewership on national tv (which can translate to bets)

[the white house] 30/3/2022 06:36

Incorrect : the same buyer was buying a specific number of shares at regular intervals throughout the day. This may well have dissuaded others from selling. Cause and effect.

[solarman2013] 30/3/2022 00:01

People need entertainment. What they stop doing is spending on capital assets, trips, etc. in downturns people gamble too. There is no way to continue affording what is happening is going to lead to a hard stop in sectors that are becoming unaffordable

[harigoyal] 29/3/2022 23:35

UK gambling cost-of-living poll

Key finding: Half of the UK’s gamblers will spend less on gambling or stop gambling altogether as the cost-of-living crisis continues to bite, according to a survey conducted by YouGov on behalf of the Department of Trust (DoTrust).

32% of respondents said they will spend less on gambling.
18% say they will stop playing entirely in the coming months.
Of those that said they would reduce their gambling spend, 59% said it was due to pressure on their finances.

Making ends meet: Of the respondents who said they gambled, 11% said they were increasingly struggling to cover essential bills, 43% said they were cutting back on essentials and 38% said they were more closely watching what they spend.

What it means for operators: With inflation in the UK at 30–year highs, Charles Cohen, CEO at DoTrust, noted this is translating quickly into an affordability crisis for the gambling sector.

Whole Europe have similar issues. US is only bright spot

[vraetorian] 29/3/2022 16:18

I see relatively average daily buying pressure of only 377k. This speaks more to the selling pressure drying up and the institutional shortsellers covering their positions - Allowing for a jump up in share price with relatively low buying pressure. Which some may consider even better news than significant buying pressure to elevate a stock.

[the white house] 29/3/2022 14:57

Someone buying heavily No smoke

[blue59] 29/3/2022 10:02

Is ‘the white house’ actually Cormac McCarthy?

[the white house] 29/3/2022 07:52

Unfortunately I think the agenda is to keep the price low until Fox is sorted so big a few asset to diversify but also to avoid divvis and buybacks that may boost price. The annoying thing is that without Covid the divvis would still be paid, and they could still now, but it is too easy like kids in a candy shop buy up some non core items without a care fir their long term holders They say happy to wait for Fox arbitration in zJune but bottled out to 300m in KY which is now, guess what, introducing sports betting, you couldnt make it up HOWEVER, one day a big RNS will open up with clear blue water ahead and a 10 or 20 pound jump will be deserved given underlying market share in the US and expansion in US, S America and Worldwide.

[solarman2013] 28/3/2022 14:50

that says it all. We have a hugely undervalued company from an operational perspective, overpaid for Stars and suffered for that in 2021 results. About to give some guidance for the two added components of Sisal and Tomboli. Will the same devaluation of acquisition happen in 2022 as a result? Maybe we're too eager for marketshare and thus overpaying for new assets?

[harigoyal] 28/3/2022 14:30

New York mobile sports betting week ending 3/20 (handle - revenue)

FanDuel: $168m - $14.7m
DraftKings: $110.8m - $3.3m
Caesars: $67.8m - $4.4m
BetMGM: $43m - $1.6m
PointsBet: $23.9m - $1.1m
WynnBet: $2.3m - $224,000
Resorts World Bet: $1.2m - $96,000
BetRivers: $11m - $718,000

[the white house] 28/3/2022 13:40

Good postI see a NED has bought 220k ish bucks worth on the back of it He knows

[the white house] 28/3/2022 07:18

Decent March in the US. Top 9 highest backed teams in the College hoops tourney (that spills over to April) all beaten leaving ante post books well in profit

[the white house] 28/3/2022 07:14

ITV viewing figures for Cheltenham were the highest share of audience ever

[harigoyal] 24/3/2022 19:28

In my opinion, Europe will drag down Flutter performance in coming months. Russia & Ukraine at war & revenue is lost. Legislation issue In The Netherland & Germany. 4 Million Refugees & counting. Energy prices going up. Gambling may be the last thing on people’s priority

[vraetorian] 24/3/2022 16:59

Good things will happen if they hit the estimates Aug 9th ( Earnings: 136.38 / Revenue: 318.02B )

[solarman2013] 22/3/2022 12:53

I predict FD will be profitable ahead of schedule. They foresaw needing to cut expenses while DK and Caesar’s continued to promo to death. When Caesar’s stopped, their market share slumped as UX with FD is far superior and will continue to get better. A shoe has to drop soon as this many competitors can’t survive in this fenced-in market realities.

[harigoyal] 22/3/2022 12:34

New York Wk10

Manhattan highs: Handle was up 13% WoW to $406m, the first time it has cleared $400m since Super Bowl week. GGR came in at $36.8m, the state’s second-highest total since launch and resulting in $18.8m in taxes.

Top spot: FanDuel continues to lead with 42.6% share of handle, with DraftKings second (25.3%), followed by Caesars (16%) and BetMGM (10%).

[solarman2013] 18/3/2022 03:32

Ontario will be the equivalent of the 5th largest US state. Will be a nice 2022 dev bump

[vraetorian] 18/3/2022 02:51

Should be interesting to see how things proceed in Canada with the April 4th commercial launch of sports betting in Ontario. Maybe this stock might get a little wind under its wings to flutter up a bit ;)

[merism] 16/3/2022 10:17

They bought Sisal for Italy. I don't think they expected to win the Uk lottery bid.

[solarman2013] 15/3/2022 16:38

Losing the lottery bid must be a big psychological blow to the CEO who thought that buying SISAL might help. It should not affect the stock as it has today, yet nothing is logical about the level its valued at today...

[harigoyal] 11/3/2022 20:01

New York online sports betting handle was $1.67 billion in January and $1.53 billion in February, but sportsbook gross gaming revenue dropped from $124.1 million to $82.4 million; worth noting 51% of those revenue figures went to taxes