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

📆 11.08.2023 18:33:00
📰 businessposthq

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

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

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.

Schreibe Kommentar

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

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.
Herkunft: IrishTimesBiz - 🏆 6. / 77 Weiterlesen »