Flutter raises US guidance for 2019

Group CEO Peter Jackson drops EBITDA loss expectations to $51m on “better-than-expected” revenue growth

FanDuel parent group Flutter has upgraded its US outlook from an EBITDA loss of $70.5m to $51-$58m in 2019, on better-than-expected growth in both sports betting and online casino. The group’s US business reported a 67% year-on-year increase in revenues of 67% to $117m. Group CEO Peter Jackson said: “Q3 revenues have exceeded our expectations,…

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