Flutter H1 online revenues flat as profits dip on new taxes and US efforts

Online gaming revenues the bright spot for the London-listed operator, up approximately 8% pro forma

Flutter Entertainment has posted H1 2019 revenues of £497m for its digital business, up 8% year-on-year but only 1% when excluding the operator's Adjarabet acquisition. Sports revenues were flat year-on-year at £334m, with sportsbook revenue increasing by 1% and exchange and B2B revenues down 2%. The operator said sportsbook revenue for the Q2 period prior to…

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