Date of Update: 05/21/2020

Flutter Entertainment

Ticker: FLTR LN

Theme: Sportsbook

Country: Ireland

Sector: Casinos & Gaming

This is not a recommendation to buy or sell securities.


Company Description:

Flutter Entertainment is a global sports betting and gaming operator with a portfolio of leading international brands and operations. The company's assets are allocated across four primary divisions: US (FanDuel, TVG, Betfair), Australia (SportsBet), PPB Online (Paddy Power, Betfair, Adjarabet) and PPB Retail. Flutter acquired The Stars Group, the parent company of PokerStars in 2020.

3 Company Facts:

  • As of 2019, Flutter Entertainment had over 7 million active customers across its various properties.1
  • FanDuel is the largest online sportsbook and casino business in United States.
  • In May 2020, Flutter completed an all-share transaction to acquire The Stars Group for £8.7 billion.

3 Industry Facts:

  • The global online sports betting and gaming market grew at a compound annual growth rate of ~10% from 2015 to 2019.2
  • As of March 2020, online sports betting is legislated in 14 US states; online casino betting is legislated in 5 US states.
  • As of 2018, sports betting represented approximately 18% of the $449 billion global gaming market, as measured by gross gaming revenues, or “GGR”.5

Related Companies: DraftKings, William Hill, PointsBet

3 Key Metrics:

  • Monthly Active Users (MAUs)
  • Average Revenue per User (ARPU)
  • Total number of paying users

Notable Brands:

FanDuel logo
FanDuel, US sportsbook
Paddy Power logo
Paddy Power, UK sportsbook
Betfair logo
Betfair, online betting exchange
PokerStars logo
PokerStars, online poker platform