Jones notes that “valuations in the US are changing and tough questions are being asked about when profit will be achieved and what multiples to apply.” “Flutter has remarkably successful businesses in the US, and we expect them to continue to thrive,” Peel Hunt analyst Ivor Jones said in a note.Ĭontinuing to make a defence for the bullish investment case, Jones says he expects the slump in the stock price for US rival DraftKings will turn out to have been for “company-specific reasons rather than indicating a more general problem in the US market”.Īdditionally, he added: “We believe that UK regulation will turn out better than is implied by the current share price.” Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation.įlutter Entertainment PLC (LSE:FLTR) is undervalued but catalysts to the upside are hard to find, according to stockbroker Peel Hunt, which today lowers its price target.
#FLUTTER LSE SOFTWARE#
Proactive will on occasion use automation and software tools, including generative AI. The team also has access to and use technologies to assist and enhance workflows. Our human content creators are equipped with many decades of valuable expertise and experience. Proactive has always been a forward looking and enthusiastic technology adopter. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. This is content that excites and engages motivated private investors. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. All our content is produced independently by our experienced and qualified teams of news journalists. It offers sportsbooks and excha.Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. The company operates through four segments: UK & Ireland, Australia, International, and US. Read Lessįlutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company was incorporated in 1958 and is headquartered in Dublin, Ireland. The company was formerly known as Paddy Power Betfair plc and changed its name to Flutter Entertainment plc in 2019. Further, it provides sports betting and gaming services through, ,, tvg.com, us.,, ,, ,, and websites under the FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, FOX Bet, TVG, Stardust, Junglee Games, and Adjarabet brands, as well as live poker tours and events.
In addition, the company operates HRTV, a horseracing television network. It offers sportsbooks and exchange sports betting products, daily fantasy sports products, and pari-mutuel betting products fixed odds games betting products online games and casinos lottery peer-to-peer games, including online bingo, rummy, and poker and business-to-business services.
Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally.
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