Flutter Q1 revenue increases 17% to $4.3bn, net income falls 38%
The operator’s adjusted EBITDA managed to rise 2% for a total of $631m, while FanDuel revenue increased 6% to nearly $1.8bn, despite handle falling 9% to $13.4bn.
The operator’s adjusted EBITDA managed to rise 2% for a total of $631m, while FanDuel revenue increased 6% to nearly $1.8bn, despite handle falling 9% to $13.4bn.
Investigation focuses on restoration works, public funds and potential administrative irregularities.
New eFX framework introduces mandatory classification for betting-related international transfers and tighter controls on payment providers operating in Brazil.
Vice-President Geraldo Alckmin said proposals from major wholesale retailers on betting restrictions will be forwarded to President Lula.
Fiocruz and the Ministry of Health expand response to gambling-related harm with nationwide online course.
Operator expands footprint in regional football through new agreement with Bahia Football Federation.
Federal data shows concentration of betting activity in Rio de Janeiro, highlighting regional dynamics in Brazil.
Finance Minister Dario Durigan links betting to household finances as new credit program introduces one-year gambling ban.
Authorities seize hundreds of machines and detain suspects linked to illegal lottery operations in Rio de Janeiro.
Operator expands its footprint in Brazil with a dual agreement covering shirt sponsorship and arena naming rights in Bahia.