{"id":7936,"date":"2024-09-26T00:21:27","date_gmt":"2024-09-26T00:21:27","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/09\/26\/flutter-entertainment-announces-5-billion-share-buyback-plan\/"},"modified":"2024-09-26T00:21:27","modified_gmt":"2024-09-26T00:21:27","slug":"flutter-entertainment-announces-5-billion-share-buyback-plan","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/09\/26\/flutter-entertainment-announces-5-billion-share-buyback-plan\/","title":{"rendered":"Flutter Entertainment Announces $5 Billion Share Buyback Plan"},"content":{"rendered":"<div>\n<p>Flutter Entertainment, the leading online sports betting and <a href=\"https:\/\/igaming.org\/casino\/what-is-igaming\/\">iGaming<\/a> operator, has announced a plan to repurchase up to $5 billion worth of its own shares. The company will provide further details during an upcoming investor event, where it will also outline its goals for 2027.<\/p>\n<p>The company\u2019s board of directors has approved this buyback initiative, which is expected to unfold over the next three to four years. The program is set to begin after the release of Flutter\u2019s third-quarter earnings in November 2024.<\/p>\n<p>In addition to this, Flutter, the parent company of FanDuel Group, emphasized the strategic value of this move. The company operates extensively in the US, where FanDuel holds a strong market presence.<\/p>\n<p>According to Flutter\u2019s official statement, the pace and total amount of shares repurchased will be influenced by factors like legal requirements, market conditions, and share price. The company added, <em>\u201cWith access to a large and growing total addressable market (TAM), we believe we are well-positioned to deliver profitable growth and create long-term value for shareholders.\u201d<\/em><\/p>\n<p>Peter Jackson, Flutter\u2019s CEO, also touched on the company\u2019s financial outlook and the broader impact of the repurchase plan. He expressed optimism about Flutter\u2019s future and its ability to tap into the global regulated betting market, which is valued at nearly $370 billion.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow noopener\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Jackson stated,<em> \u201cWith our unmatched scale, diversification, and our global differentiator, The Flutter Edge, we hold a clear advantage in the market. This will drive our growth and build operating leverage over time.\u201d<\/em><\/p>\n<p>He also explained that this buyback program is part of Flutter\u2019s broader strategy, providing flexibility in capital allocation. This allows the company to invest in organic growth, explore mergers and acquisitions, and return capital to shareholders. Jackson concluded, <em>\u201cOur plan to return up to $5 billion through share repurchases over the next few years reflects our strong confidence in Flutter\u2019s future.\u201d<\/em><\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/flutter-share-buyback-plan\/\">Flutter Entertainment Announces $5 Billion Share Buyback Plan<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Flutter Entertainment, the leading online sports betting and iGaming operator, has announced a plan to repurchase up to $5 billion worth of its own shares. The company will provide further details during an upcoming investor event, where it will also outline its goals for 2027. The company\u2019s board of directors has approved this buyback initiative, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-7936","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=7936"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7936\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=7936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=7936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=7936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}