Flutter Entertainment Stock News

Through Duquesne Family Office, he manages his $11 billion fortune with a macro-driven strategy, focusing on making concentrated bets.

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After sharpening his skills under the legendary currency trader George Soros, the billionaire Stanley Druckenmiller started the Duquesne Capital Management hedge fund in 1986. The fund produced 30% returns annually before he converted it into a family office, a private fund that's much easier to manage.

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In 2024, the valuation of the online gambling market stood at a whopping USD 95.5 billion, and is predicted to grow at a compound annual growth rate (CAGR) of 10.5% all the way to USD 257 billion by 2034. This growth is bound to cause a shift in the capital markets, particularly in the iGaming and casino sectors, alongside the digital economy and supportive governance.

DUBLIN and TORONTO, May 14, 2025 (GLOBE NEWSWIRE) -- Flutter Entertainment (NYSE: FLUT; LSE: FLTR) (“Flutter”) the world's leading online sports betting and iGaming operator today announces that it has completed the acquisition of an initial 56% stake in NSX Group (“NSX”), a leading Brazilian operator of the Betnacional brand for cash consideration of approximately $350m 1 .

Flutter Entertainment PLC NYSE: FLUT, which many U.S. investors know as the parent company of the sports betting site FanDuel, announced its quarterly earnings on May 7. The company missed on the top and bottom lines.

FanDuel owner Flutter Entertainment on Thursday boosted its guidance because of acquisitions and currency swings even after nursing losses from a U.S. college basketball tournament devoid of upsets.