Posts Tagged ‘Flutter’
FanDuel IPO Delayed Amidst Multiple Controversies
FanDuel was prepared to launch an IPO, but those plans have changed. The proposed IPO will be delayed amidst the departure of CEO Matt King. FanDuel is currently involved in a court case with Fox Corporation regarding the price of a stake in the company. LAS VEGAS – FanDuel, one of the largest sports betting…
Read MoreKentucky Supreme Court Orders $870M Payment From PokerStars
Flutter could be stuck paying over one billion in damages from a five-year span where PokerStars was operating unlawfully in the state of Kentucky. Although the Supreme Court in Kentucky has ordered Flutter to pay this exorbitant sum, the company plans to fight the judgment. FRANKFORT, Ky. – A judgment in Kentucky against PokerStars from…
Read MoreCOVID-19 Pandemic Gives Crippling Blow To Gambling Stock Market
The gaming industry is taking a hit in the stock market as well as at their casino locations. Numbers continue to drop with the COVID-19 pandemic hitting the sports and gambling world hard. NEW YORK – The Coronavirus (COVID-19) pandemic continues to insert itself into the waking lives of everyone worldwide and the stock market…
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