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NewsAugust 29, 2022·1 min read
Flutter Entertainment May Cut 200 UK Jobs Amid US Success
Flutter Entertainment is considering cutting 200 jobs in the UK. The firm will conclude a review in September that began following the $6bn acquisition of Star Group in 2020. Flutter shares jumped 10.5% in one day following better than expected earnings for the first two quarters of 2022.
Flutter Entertainment's FanDuel holds a 51% share of the online sports betting market in the US. The firm recently acquired Italian gaming giant Sisal in a $1.6bn deal, continuing its push for dominance in major gambling markets worldwide.
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