Ep 648: Flutter… Heavy Lies the Crown!
In today's episode of iGaming Daily, brought to you by Optimove, host Fernando Noodt, is joined by SBC's Editor-at-Large, Ted Menmuir, and SBC's Senior Journalist, Tom Nightingale, to break down the latest developments at Flutter Entertainment following its Q3 performance update.
In this episode, we unpack how the global gambling giant absorbed a $500 million impairment linked to the closure of its Junglee business after unexpected regulatory changes in India. The team also explores the mixed signals coming from the US market: while FanDuel’s margins have been hit by unfavourable sports results, its iGaming division continues to surge, up 44% last quarter.
The three also examine the mounting pressures on the PLC, including stagnant UK growth and rising group debt (now nearing £10 billion). Finally, we discuss Flutter and FanDuel’s bold move into sports contracts and prediction markets through the new Project Predict platform, an ambitious push to unlock opportunities in large, non-regulated US states such as California, Texas, and Florida.
Tune in to find out whether Flutter’s operational strength can offset its growing financial and regulatory headwinds.
In this episode, we unpack how the global gambling giant absorbed a $500 million impairment linked to the closure of its Junglee business after unexpected regulatory changes in India. The team also explores the mixed signals coming from the US market: while FanDuel’s margins have been hit by unfavourable sports results, its iGaming division continues to surge, up 44% last quarter.
The three also examine the mounting pressures on the PLC, including stagnant UK growth and rising group debt (now nearing £10 billion). Finally, we discuss Flutter and FanDuel’s bold move into sports contracts and prediction markets through the new Project Predict platform, an ambitious push to unlock opportunities in large, non-regulated US states such as California, Texas, and Florida.
Tune in to find out whether Flutter’s operational strength can offset its growing financial and regulatory headwinds.
