• April 23, 2024

Flutter Entertainment hails ‘transformational’ year despite high merger costs

British and Irish iGaming behemoth Flutter Entertainment has reportedly hailed a ‘transformational’ year as its net revenues for 2020 rose by 106% on a comparable basis to top £4.3 billion ($6 billion).

According to a Tuesday report from Yahoo Finance, the London-listed operator behind such online gambling domains as Betfair.com, PaddyPower.com and Adjarabet.com also saw its aggregated sales for the twelve months to the end of December increase by 27% year-on-year to take its adjusted earnings before interest, tax depreciation and amortization up by an impressive 109% to about £889 million ($1.2 billion).

International success:

Previously known as Paddy Power Betfair until undergoing a May of 2019 rebranding, the prominent firm m…

Read More