Norwegian Media Authority cracks down on foreign gambling ads
The Norwegian Media Authority has ordered the nation’s five largest TV distributors to remove advertising from foreign gambling companies. This comes amid a general crackdown on gambling ads in the Scandinavian country after an investigation last year uncovered “massive and serious” breaches on Discovery Network channels FEM, MAX, VOX and Eurosport Norway. Telenor, Telia, Altibox, […]
Flutter Entertainment to switch audit firms under EU rules
Flutter Entertainment is planning to drop KPMG in favour of rival auditor Deloitte, according to a report from The Times. An EU rule has forced Flutter’s hand, requiring the Paddy Power and Betfair owner to end its 20-year relationship with KPMG. Under rules introduced by the EU, which became applicable in 2016, public-interest entities – […]
Flutter Entertainment reports 27% revenue increase for full year 2022
Flutter Entertainment has reported revenue of £7.69bn ($9.21bn) for the year ended 31 December 2022, a 27% increase from the prior-year period. EBITDA also climbed by 27% year-on-year to £918m. Flutter reported a loss after tax of £305m, following a £608m charge for amortisation of acquired intangibles, while adjusted basic earnings per share reduced from […]
Flutter Entertainment reaches agreement to acquire Stars Group
Flutter Entertainment has reached an agreement to acquire Stars Group, creating a merged entity which would have generated £3.8bn ($4.66m) in revenue for 2018 on a pro forma basis. Flutter, owner of gaming brands Paddy Power, Betfair and FanDuel among others, will hold 54.64% of the new company, with Stars Group, owner of Sky Betting […]
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