Analysis: Flutter’s gamble on the US market has paid off

📆 11-08-23 18:33:00
📰 businessposthq

⏱ Reading Time:
13 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 71%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The betting giant has reached the ‘profitability inflection point’ stateside as it earns $63 million in the first half of the year

In May 2018 the market valuation of Paddy Power Betfair, as it was then known, jumped more than €400 million in one day.

The catalyst for the surge was confirmation from the group that it was in talks to merge its business in the United States with American company FanDuel in a bid to capitalise on what was expected to be a liberalisation of betting laws in the US.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Inflation hits 18 month low; companies face higher audit costs; and just how big is Ticketmaster?Inflation hits 18 month low; companies face higher audit costs; and just how big is Ticketmaster? Catch up with all the best news, analysis and comment from The Irish Times business desk.
La source: IrishTimesBiz - 🏆 6. / 77 Lire la suite »