Tillkännagivande • Sep 26
Flutter Entertainment plc (NYSE:FLUT) announces an Equity Buyback for $5,000 million worth of its shares. Flutter Entertainment plc (NYSE:FLUT) announces a share repurchase program. Under the program, the company will repurchase up to $5,000 million worth of its shares. Tillkännagivande • Sep 18
Flutter Entertainment plc (NYSE:FLUT) agreed to acquire Pluto (Italia) S.p.A from Playtech Services (Cyprus) Limited for €2.3 billion. Flutter Entertainment plc (NYSE:FLUT) agreed to acquire Pluto (Italia) S.p.A from Playtech Services (Cyprus) Limited for €2.3 billion on September 17, 2024. Total cash consideration of approximately €2,300 million calculated by reference to a debt and cash free valuation basis and assuming a normalised level of working capital. The transaction excludes Pluto's subsidiaries excluding Trinity Bet Holding Limited and its subsidiaries (together with Trinity Bet Holding Limited, "HAPPYBET"). In case of termination of transaction, Flutter Entertainment plc will pay a termination fee of €100 million. As soon as practicable after the completion of the Transaction, Playtech intends to return €1,700 million - €1,800 million to shareholders by way of a special dividend (ShareholderDistribution). The final amount of the Shareholder Distribution will be determined with reference to the capital needs of the ongoing Playtech business. In connection with the Transaction, bonus awards have been made (the "Playtech Transaction Incentive Arrangements") for a maximum aggregate amount of €100 million to be paid to members of Playtech's senior team, including Playtech's executive directors; a separate aggregate cash bonus pool will be paid to the Snaitech senior management team of EUR€34 million, of which Fabio Schiavolin (CEO of Snaitech) will be the largest participant.
For the period ending December 31, 2023, Pluto (Italia) S.p.A reported total revenue of €946.6 million, net income of €140.6 million and EBITDA of €254.5 million. As of December 31, 2023, Pluto (Italia) S.p.A reported total assets of €924.6 million and total common equity of €528.3 million.
The Transaction is subject to the satisfaction of certain antitrust, Gemeinsamen Glücksspielbehörde der Länder (the German gambling authority), other regulatory conditions and It is also conditional on the completion of the transfer of HAPPYBET by Snaitech to Playtech Cyprus (a subsidiary of the Playtech Group which is outside the perimeter of the Transaction). Transaction is not subject to shareholder approval. The transaction is expected to complete by Q2 2025 and it is expected to be immediately accretive to earnings per share. The transaction is expected to create shareholder value as follows: Delivers an enhanced competitive position in a fast growing, regulated market, Enhances our “local hero” brand portfolio and Presents a compelling opportunity to drive both cost and revenue synergies through access to the Flutter Edge, and deliver meaningful value creation.
Daniel Burns and Ines Bedoya of Oakvale Capital LLP and Philip Noblet, James Liddy, Tim Lloyd-Hughes, and Thomas Bective of Jefferies International Limited acted as financial advisor for Playtech Services Limited. Tillkännagivande • Sep 13
Flutter Entertainment plc (NYSE:FLUT) agreed to acquire 56% stake in NSX Group for BRL 2.0 billion. Flutter Entertainment plc (NYSE:FLUT) agreed to acquire 56% stake in NSX Group for BRL 2.0 billion on September 13, 2024. A cash consideration of BRL 1.98 billion will be paid by Flutter Entertainment plc. As part of consideration, BRL 1.98 billion is paid towards common equity of NSX Group. Under the transaction agreement, on completion, Flutter will contribute its existing Betfair Brazil business, in return for a 56% stake in the newly combined Flutter Brazil business. In addition, a mechanism has been put in place to enable Flutter to increase its shareholding through reciprocal put/call arrangements in year five and year ten following the completion date. Completion of the transaction is subject to customary regulatory clearances and is expected to close by second quarter of 2025. Tillkännagivande • Jul 01
Flutter Entertainment plc Announces Appointment of Non-Executive Directors, Effective as of July 30, 2024 Flutter Entertainment plc announced that the Board of Directors has appointed Robert R. Bennett and Christine M. McCarthy to the Board as non-executive directors, effective as of July 30, 2024. Mr. Bennett will be appointed as a member of the Risk and Sustainability Committee of the Board and Ms. McCarthy will be appointed as a member of the Audit Committee of the Board at such time. The Board has determined that both Mr. Bennett and Ms. McCarthy are independent directors in accordance with the New York Stock Exchange listing standards. Mr. Bennett, 66, is the Managing Director of Hilltop Investments, LLC, a private investment company, a position he has held since 2005. Previously, Mr. Bennett served as President of Discovery Holding Company, a media and entertainment company. Before that, Mr. Bennett served as President and Chief Executive Officer and Principal Financial Officer, at Liberty Media Corporation, a media, entertainment and online commerce company. Prior to his tenure at Liberty Media, Mr. Bennett worked at Tele-Communications Inc. and The Bank of New York. Mr. Bennett currently serves as a director of HP Inc. and Liberty Media. Previously, he has served as a director of Warner Bros. Discovery Inc., Sprint Corporation, Demand Media Inc., Discovery Holding Company, Liberty Interactive Corporation and Sprint Nextel Corporation. Ms. McCarthy, 69, was formerly the Senior Executive Vice President and Chief Financial Officer of The Walt Disney Company from 2015 until June 2023. She most recently served as a Strategic Advisor of Disney from July 2023 until June 2024. Prior to her appointment as Chief Financial Officer, she held positions of increasing responsibility at Disney, serving as Executive Vice President, Corporate Real Estate, Alliances and Treasurer from 2005 to 2015, after joining Disney as Senior Vice President and Treasurer in January 2000. Ms. McCarthy previously served as Executive Vice President and Chief Financial Officer of Imperial Bancorp from 1997 to December 1999. Ms. McCarthy currently serves as a director of The Procter & Gamble Company and is the Chair of its Audit Committee and is a director of FM Global and the Chair of its Finance Committee. She is also on the board of civic and educational organizations, the Board of Trustees of the Westridge School in Pasadena, and the Board of Trustees of the Carnegie Institution for Science having previously been on the Board of the Los Angeles Philharmonic Association, UCLA Anderson School of Management, Smith College, and Phoenix Houses of California Inc. Tillkännagivande • May 02
Flutter Entertainment plc Announces Board and Committee Changes Flutter Entertainment plc announced Nancy Cruickshank has replaced David Lazzarato as Chair of the Risk and Sustainability Committee; Nancy Cruickshank has replaced David Lazzarato as a member of the Audit Committee; Nancy Cruickshank has stepped down as a member of the Compensation and Human Resources Committee and is replaced by Nancy Dubuc; Nancy Dubuc has been appointed as a member of the Risk and Sustainability Committee; and Nancy Dubuc has stepped down from the Nominating and Corporate Governance Committee. In addition to the above changes, with effect from the conclusion of the Annual General Meeting held this morning, Nancy Dubuc has stepped down as a member of the Audit Committee. Tillkännagivande • Mar 28
Flutter Entertainment plc Provides Earnings Guidance for the Year 2024 Flutter Entertainment plc provided earnings guidance for the year 2024. For the full year 2024 introduced with implied Group revenue growth of 17.5%. US revenue $5.8 billion to $6.2 billion, +36.3% year on year at midpoint. Group ex US revenue $7.65 billion to $8.05 billion, +6.3% year on year at midpoint. Tillkännagivande • Mar 01
Flutter Entertainment plc Announces Board and Committee Changes, Effective 1 May 2024 Flutter announced that David Lazzarato, has decided not to seek re-election at the Annual General Meeting to be held on 1 May 2024 and will, therefore, step down from the Board at the conclusion of that meeting. With effect from the conclusion of the Annual General Meeting on 1 May 2024: Nancy Cruickshank will replace David Lazzarato as Chair of the Risk and Sustainability Committee;Nancy Cruickshank will replace David Lazzarato as a member of the Audit Committee; Nancy Cruickshank will step down as a member of the Compensation and Human Resources Committee and will be replaced by Nancy Dubuc; Nancy Dubuc to be appointed as a member of the Risk and Sustainability Committee; and Nancy Dubuc will step down from the Nominating and Corporate Governance Committee. Tillkännagivande • Jan 31
Flutter Entertainment plc Ordinary Shares Deleted from OTC Equity Flutter Entertainment plc Ordinary Shares has been deleted from OTC Equity effective January 29, 2024, due to Market Center Change Listed on NYSE. Tillkännagivande • Jan 16
Flutter to Delist from Dublin on January 23, 2024 Paddy Power owner Flutter Entertainment plc has filed its formal registration statement with the Securities and Exchange Commission in the US in advance of its shares listing in New York on January 29, 2024. The group's share listing in the US is designed to give it exposure to investors there, including its own customers. Its shares will delist from Dublin on January 23, 2024. "The US market is expected to continue to experience significant growth as additional US states are expected to legalise sports betting and iGaming, while outside of the US, the market is already worth £263bn ((EURO)305bn) and also continues to grow," the Flutter registration statement notes. "With just 30pc of this combined market opportunity currently taking place online, we believe that there is a long runway for future growth." Flutter's US business, FanDuel, has secured leading positions in most of the states in which it operates. Flutter will deliver a trading update later this week. The group, whose chief executive is Peter Jackson, has told potential investors in the US that it will continue to "invest to win" in the country. "We believe that we will be able to continue to deliver leadership in the US market through the 'FanDuel Advantage', where we believe that FanDuel is able to acquire players efficiently, retain players for longer and earn higher average revenue per player," it said in its registration statement. The company added that it hopes to pay dividends or other returns to shareholders in future as it deleverages its debt position. "We expect that the group's projected cash generation will permit us to deliver and provide significant future balance sheet capacity," it notes in its registration statement. "Although we do not currently have any specific plans to pay dividends or engage in significant share repurchases, once we have optimised our leverage, we intend to return to shareholders capital that cannot be effectively deployed through organic investment or value creative M&A." Flutter's primary share listing is currently in London. But it has said it will look at the potential of later moving its primary listing from London to the US. However, its shares will continue to be traded in London following the debut on the US market. Tillkännagivande • Jan 12
Flutter Entertainment plc, Annual General Meeting, May 01, 2024 Flutter Entertainment plc, Annual General Meeting, May 01, 2024. Agenda: To consider board changes. Tillkännagivande • Jan 11
Flutter Entertainment plc Announces Resignation of Richard Flint from Board of Directors Flutter Entertainment plc announced that Mr. Richard Flint has decided not to seek re-election to the Flutter Board of Directors at the Annual General Meeting to be held on 1 May 2024 and will, therefore, step down from the Board at the conclusion of that meeting. Mr. Flint joined the Board in March 2020 following the merger of Flutter Entertainment plc and The Stars Group Inc. . Richard formerly served as Executive Chair of Sky Betting & Gaming, until October 2019, having previously held the position of Chief Executive Officer for 10 years until the company was acquired by TSG in 2018. Tillkännagivande • Nov 12
Flutter Entertainment to Delist from Euronext Dublin Flutter Entertainment plc said said it expects to list on the New York Stock Exchange in the first quarter of 2024, having submitted its application for the additional listing with the US Securities and Exchange Commission (SEC). It will delist from Euronext Dublin simultaneously or shortly before. Tillkännagivande • Sep 28
Flutter Entertainment plc (LSE:FLTR) agreed to acquire 51% stake in Max Bet d.o.o. Novi Sad for approximately €140 million. Flutter Entertainment plc (LSE:FLTR) agreed to acquire 51% stake in Max Bet d.o.o. Novi Sad for approximately €140 million on September 27, 2023. Flutter also has the opportunity to acquire the remaining 49% in 2029. Max Bet has reported revenue of €145 million and adjusted EBITDA of €32 million during LTM to June 2023. The transaction is subject to customary regulatory clearances and is expected to close in Q1 2024. Luka Lopicic, Marija Vlajkovic and Jelena Arsic of Moravcevic Vojnovic and Partners in cooperation with Schoenherr advised shareholders of Maxbet. Oakvale Capital LLP acted as the financial advisor to the sellers. Tillkännagivande • Sep 09
Flutter Entertainment plc Announces Board Changes Flutter Entertainment plc announced that Mary Turner will step down from her roles as Non-Executive Director and all Committee appointments with effect from 30 September 2023. Nancy Cruickshank will assume the role of Chair of the Workforce Engagement Committee with effect from 1 October 2023. Tillkännagivande • Sep 02
Flutter Entertainment plc Announces Board Changes Flutter Entertainment plc confirm that, as announced on 27 April 2023, John Bryant has been appointed as Chair of the Flutter Board and Chair of the Nomination Committee effective on 1 September 2023, succeeding Gary McGann who stepped down from the Board on 31 August 2023. Tillkännagivande • Nov 09
Flutter Entertainment plc Revises Earnings Guidance for the Year 2022 Flutter Entertainment plc revised earnings guidance for the year 2022. Revenue guidance upgraded to $2.95 billion - $3.2 billion (£2.45 billion - £2.65 billion); previous guidance $2.85 billion-$3.1 billion (£2.3 billion - £2.5 billion). Tillkännagivande • Nov 05
Fox Corporation Issues Statement on Arbitration Ruling Against Flutter Entertainment plc Fox Corporation made the following statement in response to the arbitration ruling issued by the Judicial Arbitration and Mediation Services (JAMS) deciding the claims a FOX subsidiary filed against Flutter Entertainment plc last year. FOX is pleased with the fair and favorable outcome of the Flutter arbitration. Flutter cannot pursue an IPO for FanDuel without FOX's consent or approval from the arbitrator. FOX has a 10-year call option that expires in December 2030 to acquire 18.6% of FanDuel for $3.72 billion, with a 5% annual escalator. FOX has no obligation to commit capital towards this opportunity unless and until it exercises the option. This optionality over a meaningful equity stake in the market leading U.S. online sports betting operation confirms the tremendous value FOX has created as a first mover media partner in the U.S. sports betting landscape. Tillkännagivande • Nov 04
Flutter Announces That Zillah Byng-Thorne Will Step Down from the Board with Effect from 31 January 2023 Flutter confirms that Zillah Byng-Thorne, having served nine years on the Board, will step down from the Board with effect from 31 January 2023. Tillkännagivande • Aug 27
Flutter Entertainment plc Announces Board and Board Committee Changes Flutter Entertainment plc announced that Andrew Higginson, having served three years as Non-Executive Director, has notified the Board of his intention to step down from his role. Andy will continue as Non-Executive Director and Senior Independent Director of the Company until 31 December 2022. Alfred F. Hurley, Jr will assume the role of Chair of the Remuneration Committee with effect from 1 September 2022, and Holly Keller Koeppel will assume the role of Senior Independent Director from 1 January 2023. Carolan Lennon will be appointed as a member of the Nomination Committee with effect from 1 September 2022. Tillkännagivande • Aug 06
Flutter Entertainment plc (LSE:FLTR) completed the acquisition of Sisal S.p.A. from CVC European Equity Partners VI LP, a fund managed by CVC Capital Partners Limited. Flutter Entertainment plc (LSE:FLTR) agreed to acquire Sisal S.p.A. from CVC European Equity Partners VI LP, a fund managed by CVC Capital Partners Limited for €1.9 billion on December 23, 2021. The consideration will be paid in cash. The transaction will be financed by way of additional Flutter debt facilities, agreed with Barclays Bank PLC. In the 12 months to December 2021, Sisal expects to generate EBITDA of approximately €250 million, which will come from its Italian operations (online 59%, retail 31%). Sisal expects to report revenue (after deduction of gaming duties) in 2021 of approximately €690 million. The transaction is conditional on merger control clearance and customary gaming and foreign investment consents. Subject to these approvals, it is expected that the transaction will complete in Q2 2022. As of May 4, 2022, Flutter expect to complete the transaction in Q3 2022. As of August 1, 2022. The European Commission (EC) has cleared Irish sports-betting and gambling group Flutter Entertainment Plc’s (LON:FLTR) agreement. The transaction is expected to be accretive to adjusted earnings in the first 12 months following completion.
Barclays PLC (LSE:BARC) acted as financial advisor to Flutter Entertainment plc in the transaction. Lazard S.r.l. acted as a financial advisor to Sisal S.p.A. Antonio Coletti, Giovanni Sandicchi, Luca Crocco, Jocelyn Seitzman, William Lam and Cesare Milani of Latham & Watkins represents CVC and Sisal as legal advisor in the transaction.
Flutter Entertainment plc (LSE:FLTR) completed the acquisition of Sisal S.p.A. from CVC European Equity Partners VI LP, a fund managed by CVC Capital Partners Limited on August 4, 2022. As a part of closing, all necessary regulatory confirmations with respect to the acquisition of Sisal and the transaction completed. The transaction will be bringing Flutter's expected weighted average cost of debt to approximately 3.4% for H2 2022. Tillkännagivande • Jun 23
Flutter Entertainment plc Announces Board Committee Composition Flutter Entertainment plc announced the following changes to the membership of its Board Committees with effect from 1 July 2022: (i) Nancy Dubuc to step down as a member of the Workforce Engagement Committee and Atif Rafiq be appointed as a member of the Workforce Engagement Committee; and (ii) Carolan Lennon be appointed as a member of the Audit Committee and Workforce Engagement Committee. Tillkännagivande • Apr 26
Flutter Entertainment plc to Report Q1, 2022 Results on May 04, 2022 Flutter Entertainment plc announced that they will report Q1, 2022 results at 6:00 AM, Coordinated Universal Time on May 04, 2022 Tillkännagivande • Jan 12
Flutter Entertainment plc (LSE:FLTR) acquired Tombola Limited. Flutter Entertainment plc (ISE:FLTR) agreed to acquire Tombola Limited for approximately £400 million on November 18, 2021. Tombola reported revenue of approximately £160 million and EBITDA of £38.5 million in its financial year to end April 2021. The transaction is conditional on merger control clearance by the UK Competition and Markets Authority and is expected to complete in Q1 2022.
Flutter Entertainment plc (LSE:FLTR) acquired Tombola Limited on January 10, 2021. The transaction has received all necessary regulatory confirmations with respect to the acquisition. The transaction has been fully funded through the Group's current cash and debt facilities. Tillkännagivande • Sep 24
Flutter Entertainment plc Announces Update on Kentucky Flutter Entertainment plc announced that legal dispute between Flutter and the Commonwealth of Kentucky has now been settled in full. The key elements of the settlement are as follows: Flutter agrees to pay $200 million to the Commonwealth of Kentucky in addition to $100 million previously forfeited to the Commonwealth as part of the supersedeas bond in the case. In return, the Commonwealth of Kentucky has agreed to cease all further actions with respect to the case. The Group strongly believes that this agreement is in the best interests of Flutter shareholders. The Group now considers the matter closed. Tillkännagivande • Jan 13
Flutter Entertainment plc to Report First Half, 2021 Results on Aug 10, 2021 Flutter Entertainment plc announced that they will report first half, 2021 results on Aug 10, 2021 Tillkännagivande • Jan 12
Flutter Entertainment plc to Report Fiscal Year 2020 Final Results on Mar 02, 2021 Flutter Entertainment plc announced that they will report fiscal year 2020 final results on Mar 02, 2021