StumbleUpon Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020 Publishing its full-year 2019 results, the governance of FTSE100 Flutter Entertainment Plc has detailed confidence in the firm’s future growth prospects after closing a year of regulatory adjustments and sustainability challenges. Citing strong international expansions, Flutter achieved record revenues of £2.14 billion, up 14% against corresponding FY2018’s £1.81 billion – a tough comparative period featuring World Cup trading.Flutter governance underlined its record revenue achievement as a testament to the firm’s guiding ‘four-pillar growth strategy’, in which the firm seeks to ‘maximise UK profitability’ whilst establishing ‘podium positions’ within new markets. Despite maintaining revenue growth, Flutter’s FY2019 corporate EBITDA results declined 15% to £385 million (FY2018: £451m), as FTSE betting group absorbed £107 million in incremental taxes and regulatory charges.Updating investors, Flutter Group CEO Peter Jackson commented: “The Group’s four-pillar strategy that we laid out last year remains in place and good progress has been made against each pillar during 2019. In our core markets, we remain strongly positioned. Internationally we have made progress in improving the Betfair proposition and have added to our podium positions with the acquisition of Adjarabet. In the US, our business goes from strength to strength.”A breakdown of segments saw Paddy Power Betfair’s (PPB) UK online division maintain 6% growth to £1 billion (FY2018: £950m), navigating a tough regulatory backdrop in which its assets have been supported by improved products, customer retention and high coverage marketing campaigns.Internationally, Flutter’s Sportsbet Australia unit maintained its ‘podium position’ by recording revenue growth of 14% to £446 million (FY2018: £400m), offsetting incremental tax increases across several Australian states. Elsewhere, governance details strong US progress as its new FanDuel sportsbook records revenues of £325 million to complete its first year in operations. It said that FanDuel has taken an ‘online share’ of 44% within US regulated states as growth saw the division record an underlying EBITDA loss of £40 million.Looking to the year ahead, Peter Jackson noted that Flutter will have to navigate further regulatory challenges within its UK and Irish home markets.“On January 14th, the UK Gambling Commission announced that it would introduce a ban on gambling by credit card from 14th April this year,” he said. “In our submission to the UK Gambling Commission on credit cards, we had acknowledged that there was a need for some change in this area and we will be in a position to implement the required changes on schedule.” “In addition, the UK Government has announced that it will review the 2005 Gambling Act in the months ahead and we are hopeful that the emphasis of future UK regulation will be on player protection with a clear focus on affordability. In Ireland, we remain supportive of the Government’s work on the Gambling Control Bill which seeks, among other things, to establish a dedicated regulator for the gambling sector in Ireland.” PokerStars moves to refresh global appeal with ‘I’M IN’ August 18, 2020 Share ‘Deal maker’ Rafi Ashkenazi ends Flutter tenure August 27, 2020 Related Articles Share Submit
Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (2) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. 0 Vote up Vote down JustMe · 318 weeks ago BAN BBQs! Report Reply 0 replies · active 318 weeks ago 0 Vote up Vote down Marcus Peters · 114 weeks ago **** you BBQs are the best Report Reply 0 replies · active 114 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments by Tracy McCue, Sumner Newscow â€” Sumner County Attorney Kerwin Spencer formally charged Marcus Peters, born in 1989, of Arkansas City with three felony counts and one misdemeanor stemming from the shooting which occurred at 221 E. Olive Road in Oxford Sunday evening.Peters has been charged with two counts of aggravated assault with a firearm, a level 7 felony with presumed imprisonment; criminal threat, a level 9 felony; and criminal damage to property, a Class B misdemeanor. He is to have an arraignment hearing at 9 a.m. Thursday at the Sumner County District Court in Wellington. His appearance bond is set at $50,000.Peters is accused of firing a .22 semiautomatic pistol four to seven times during a family backyard barbecue at 8 p.m. on Sunday. According to the Sumner County District Court Complaint, an altercation occurred between Marcus Peters and his girlfriend Brittany Purkey and brother Joseph Peters. Nine people were said to be at the barbecue during the time of the shooting, according to Oxford Police Chief Kirk Ives.No one was hurt during the shooting incident.According to the complaint filed on July 1, Marcus is being charged for firing a handgun at the direction of Purkey and Joseph during an argument about whether M. Peters was too drunk to drive safely. He is also being charged with attempting to impair an Oxford City Patrol car window in which he allegedly tried to kick out. He also threatened a Sumner County Sheriff deputy by saying he was going to â€œheadbutt the fâ€” out of you.â€In the complaint affidavit, Oxford police officer Shawn Luck was dispatched to report of shots fired near Jeremy Witteâ€™s residents at 203 E. Olive in Oxford. A woman called the police to report someone tried to force his way into the house but the Witte shut and locked the door.Another call came in saying a shirtless man was walking down the street with a gun firing it. Lux responded and apprehended Peters who was walking without a shirt on and was obviously intoxicated, the complaint said.Lux detained him in the back of the patrol car and preceded to 221 E. Olive to further investigate the call of shots fired. Marcus then kicked out the patrol car window allegedly. He was transferred to Sheriff Deputy Corleyâ€™s custody where he made the threat.Lux proceeded to interview Joseph Peters, who stated he was having a family barbecue when his brother Marcus became upset. In the complaint affidavit, J. Peters said Marcus had too much to drink and tried to drive away in his pickup but other family members would not let him.Marcus allegedly walked away while the family tried to remove a tire from his vehicle. Joseph left to look for Marcus then got a call from his girlfriend Purkey who stated Marcus had returned and was shooting a handgun. He returned and Marcus shot at him but he was able to get the hand gun from him and give it to his mother Connie Greenwood.Lux recovered the handgun from Greenwood. Purkey provided a written statement that said Marcus had been drinking and tried to leave so she took the tire off his truck. Marcus shot at her then Joe tackled him. Marcus shot again and they fought before the police officers showed up. A witness said she watched Marcus shoot at her sister which scared her and she screamed and went inside.According to Ives, Peters was on probation for various crimes in Cowley County and was not supposed to be in Sumner County according to the stipulations of the probation agreement.Ives said he estimated Marcus had been living with his brother for about two weeks before Sundayâ€™s shooting incident.Follow us on Twitter.
OMAHA, Neb. (AP) — A survey of supply managers in a nine-state region of the Midwest and Plains is showing more signs of the coronavirus pandemic’s disruptive economic impact. A report released today says the Mid-American Business Conditions index sank in March to 46.7 — its lowest reading since September 2016. The survey’s confidence index plunged to a record low of 14.5. Creighton University economist Ernie Goss oversees the survey and says the emergence of coronavirus swamped the positive confidence impact of the recent passage of the US-Mexico-Canada trade agreement and phase of the trade agreement with China. Goss says COVID-19 had a smaller impact on the manufacturing sector than other areas of the economy more directly tied to the consumer. He expects negative impacts for manufacturers to worsen in the next month, since almost two-thirds of supply managers reported that the coronavirus produced shipping problems to and from vendors. A little more than half of the survey respondents said the pandemic had pushed their companies to switch to, cease, or reduce, international buying. More than one in three of the supply managers indicated that the virus had caused their companies to switch to domestic suppliers for some products formerly purchased abroad.The survey results are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests growth. A score below that suggests decline. The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.