Flutter Entertainment plc, formerly Paddy Power Betfair plc, is an international sports betting and gambling company. It is listed on 🗝 the London Stock Exchange, and is a constituent of the FTSE 100 Index. It owns brands such as Betfair, FanDuel, 🗝 Paddy Power, PokerStars, Sky Betting & Gaming, and Sportsbet.
History [ edit ]
Paddy Power and British rival Betfair agreed terms for 🗝 a merger on 8 September 2024. The business is owned 52% by the former Paddy Power shareholders and 48% by 🗝 the former Betfair shareholders.[2] The merger was completed on 2 February 2024.[3] On 5 April 2024, it was announced that 🗝 650 jobs in the United Kingdom and the Republic of Ireland would be lost at the company.[4]
On 18 October 2024, 🗝 the company paid outR$1.1M to those who bet on Hillary Clinton in the presidential election in the United States, citing 🗝 a certainty of Clinton's victory. Trump won.[5] In May 2024, it acquired daily fantasy sports operator Draft.[6] In August 2024, 🗝 it was announced that Peter Jackson, CEO of Worldpay UK, would succeed Breon Corcoran as CEO of Paddy Power Betfair.[7]
In 🗝 March 2024, the company announced that it would be implementing an electronic self exclusion process through its in-shop app. The 🗝 new system will replace the current paper based process, and will be implemented across the United Kingdom.[8]
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