Flutter Entertainment Share Discussion Threads

[pops02] 30/5/2022 19:15

Very happy to get some momentum back…
Not everyone agrees unfortunately
hxxps://www.thetimes.co.uk/article/analyst-is-betting-against-flutter-ahead-of-review-lqzpmwb97

[vraetorian] 30/5/2022 17:32

Happy to see a close over 96. That was an important step needed for the stock this week

[the white house] 26/5/2022 14:43

Macy's up 12pc discretionary spending strong and raising guidanceKeep things ticking up

[the white house] 25/5/2022 09:24

3rd big FanDuel appointment if a couple of weeksWhat could it all mean'Good to see todays newbie uses the word gaming twice & also he intends to make into the leading player in the spaceHas he ever used FanDuel'It is gambling and it already has the best platform More FanDuel betting and less PlayStation may help going forward

[tkamp] 20/5/2022 08:39

Fastball sold its stake in Fanduel for a valuation of $11.2 billion. At today's share price, if you assume Flutter's non-US assets trade at 8x EBITDA (PF for Sisal) then the implied value for Fanduel is around $11.5bn. That's the crazy thing, at today's share price even if FOX would win and get's to buy a stake at the same valuation as Fastball technically that shouldn't even be seen as a negative by the market (tho I'm sure it will be).

It also just goes to show how undervalued Flutter is right now

[the white house] 20/5/2022 08:02

Blackrock re-added a good amount noted yesterday. Followed inDecent change of sentiment Realisation the massively dominant position that FanDuel establishingSteamroller

[the white house] 19/5/2022 17:34

Top numbers out of Penn AprilOnline Revenue 28m out of 46m total(13 others 18m combined) March 22m out of 44m total Dominant and going away from field

[vraetorian] 19/5/2022 03:03

Fox really doesn't deserve what they're asking for. I'm looking forward to see this end quickly.

[the white house] 18/5/2022 19:13

Good spotFastball settled early for a deal. Fox do not deserve such a deal and hopefully backing down before they lose on June 20

[merism] 18/5/2022 16:32

I think it's Fox related - fox announced that the end was in sighthttps://egr.global/northamerica/news/fox-corp-ceo-eyes-summer-end-to-long-and-arduous-fanduel-arbitration/

[the white house] 18/5/2022 15:08

Strong against a Nasdaq fall of 300 Unusual10 pounds up in MayOverdone being recognised or oversold or behind the scenes action yet to be revealed

[tkamp] 17/5/2022 15:25

It's 1% because it's an Irish company

[the white house] 17/5/2022 12:18

Superb NY data 19m rev out of 37m is remarkable given 8 players at the tableBig rise in hold supporting my post that this Q is going to be strong on both side of pond 17m FanDuel/US customers is a huge tally, not sure this significance is sinking in over here. With Nasdaq looking chipper this should punch back thru 90

[merism] 17/5/2022 07:44

Good news for FanDuel Casino. https://www.prnewswire.com/news-releases/fanduel-group-appoints-asaf-noifeld-managing-director-casino-301547879.html

[merism] 16/5/2022 22:08

Sorry - BetMGM's all time low was the week before. The company also rebounded from the previous week's (far and away) all-time low GGR of $12,682

[coxsmn] 16/5/2022 18:06

No, Betmgm came 4th in NY for Sports handle and revenue first week in May. Flutter the clear leader in NY sports.

Flutter no1 US market share for Sports
BetMGM no1 US market share for iGaming and no1 overall market share including iGaming and Sport.
DraftKings no1 in nothing except losing money.

[coxsmn] 16/5/2022 17:55

https://www.covers.com/industry/new-york-mobile-sports-betting-rebound-may-2022

[the white house] 16/5/2022 14:12

Clueless, MGM is starting from scratch whereas FanDuel has all the main players, many tens of thousands, on board for years via Meadowlands in New Joisey so all initial bonuses etc are history

[the white house] 16/5/2022 14:09

Keep up, the major holders have been on board for over 3 years, not at all active, simple selling up 1pc per year to fund their bounuses

[merism] 16/5/2022 13:56

BetMGM are struggling in NY. This is NY gross gaming revenue in the first week of May:FanDuel: $9,434,226DraftKings: $1,422,782Caesars: $1,361,371BetRivers: $384,558PointsBet: $150,478WynnBET: $61,319Resorts World: $53,071BetMGM: $12,682

[harigoyal] 16/5/2022 11:50

As per Simply Wall St.

It looks like hedge funds own 10% of Flutter Entertainment shares. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. Capital Research and Management Company is currently the company's largest shareholder with 14% of shares outstanding. Caledonia (Private) Investments Pty Limited is the second largest shareholder owning 10% of common stock, and BlackRock, Inc. holds about 6.6% of the company stock.

Looking at the shareholder registry, we can see that 50% of the ownership is controlled by the top 21 shareholders, meaning that no single shareholder has a majority interest in the ownership.

Our data suggests that insiders own under 1% of Flutter Entertainment plc in their own names.

The general public, who are usually individual investors, hold a 46% stake in Flutter Entertainment.

[mip55] 15/5/2022 07:25

Anyone who believes FLTR is making any profit in NY would be advised to read the BetMGM CFO's recent comments on their operation within the Statethe company cannot afford to keep applying its capital against "irrational investments". He further explained that while players will not be able to keep playing with a constantly winning house, the same goes for the house that cannot keep playing when a loss is always in sight.At the moment, the state is charging a 51% tax on gaming revenue. However, the respective rate is applied to revenue generated by promotional credits. In other words, the real net revenue tax on gaming in the state crosses the 100% mark.

[mip55] 15/5/2022 07:12

It looks like a straight fight between Mobile and non Mobile in the California ballot this year as the tribes have postponed their own mobile option until the 2024 ballot.https://www.casino.org/news/california-tribes-shelve-mobile-sports-betting-initiative/

[the white house] 13/5/2022 15:30

BetterMonkey up, been a while