News Formal

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

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

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Analysis: Flutter’s gamble on the US market has paid offThe betting giant has reached the ‘profitability inflection point’ stateside as it earns $63 million in the first half of the year
Source: businessposthq - 🏆 8. / 71 Read more »

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.
Source: IrishTimesBiz - 🏆 6. / 77 Read more »