As known from:
The SunFootball365Sportskeeda
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Betting.net / Key iGaming HR Moves For September 2023

Key iGaming HR Moves For September 2023

Publish Date: September 8, 2023
Fact checked by: David Genge
Key Points
  • New chair of board at Flutter
  • Flutter turns a profit for the first time
  • FanDuel accounts for 98% of US revenues

John Bryant steps into new role at Flutter chair of board

This week saw John Bryant stepping into his new position as the chair of the board at Flutter Entertainment. The company which has brands such as FanDuel has already posted hugely positive figures for 2023, and has finally turned the corner in making its US sports betting operations profitable six months ahead of schedule. While Flutter has had to close down failing brands such as Fox Bet, the new arrival comes at a pivotal time for the growth of the company.

Sports Bonus
4.6/5
Bet365
Sports Bonus
4.6/5
Bet $1 & Get $365 in Bonus Bets
Free Bet
|
Go to Bet365
Get Bonus
Bet $1 and Get $365in Bonus Bets at bet365. Deposit required. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+

Flutter welcome its new chair of the board

FanDuel Sportsbook News Legal New York 2022Flutter Entertainment has its new chair of the board in place as John Bryant takes the role after the initial announcement in April. The Australian businessman will take the position after Gary McCann left the role at the start of the month. Bryant will also take up the post of the chair of the nomination committee.

He previously worked as the chief executive at the Kellogg Company, and will be expected to bring a new lease of life to Flutter Entertainment that owns the brands FanDuel and Paddy Power. As well as working with Kellogg Company, he also occupies a non-executive director role at Coca Cola European Partners, Ball Corporation and Compass Group.

During his 20-year tenure at Kellogg Company, Bryant gained experience in leading the multinational corporation and proved to have the required expertise in areas such as finance, strategies and operational affairs.

Good timing to join the Flutter company

When Bryant was announced as being the new chair of board back in April, the Flutter CEO, Peter Jackson welcomed the new arrival saying that, ‘his experience will be invaluable as Flutter continues to execute its growth strategy.’

It comes at a pivotal time for business as Flutter’s US operations managed to achieve a ‘profitability inflection point’ during the first period of the year. This saw the total revenues for the first half of 2023 soaring past £4.81 billion which is a dramatic increase on the £3.39 billion raised in the first half of 2022.

The majority of Flutter’s income from 2023 has so far been from sports betting with £3.00 billion in revenues raised during this time. The gaming arm of the brand’s business managed to generate £1.81 billion in revenues.

What’s significant is that the US has become the new focus for Flutter’s affairs in the first part of this year. This saw an increase in revenues of 71% with £1.79 billion coming in. A massive 98% of this came from the FanDuel brand that continues to be one of the biggest online sportsbooks in the US.

Flutter overcomes difficulties elsewhere 

Fanduel bonus USThe fact that Flutter Entertainment managed to get its US operations turned a profit for the first time marks a hugely significant moment for the brand. The Dublin-based group said that this moment came a full six months ahead of analysts’ predictions.

Despite this, Flutter still faces a tough situation in other territories as its revenues slipped by 1% in Australia in the first half of 2023. Plus the announcement was made earlier this summer that Flutter and the Fox Corporation broadcasting company would be closing the Fox Bet sports betting platform.

This came after Fox Bet struggled to get any kind of market share in the sports betting realm in the US, and other Flutter brands such as PokerStars have also failed to generate the hoped-for revenues.

Fox Bet isn’t the only sportsbook that has found the current climate hard in the US. Other brands such as PointsBet have had to exit the US market after failing to increase their market share, while WynnBet has also made the recent announcement to close down its operations in a number of states.

However, with Flutter having FanDuel among its portfolio, it looks good to dominate the sports betting market in the US, despite the impending arrival of new platforms such as ESPN Bet and Fanatics.

Conclusion – The future’s looking bright for Flutter 

The appointment of a new chair of board at Flutter comes at a hugely momentous time for the brand. Flutter has had to spend a lot of money to get a toehold in the US market since the lifting of the sports betting ban in 2018. But it looks as though the gamble has paid off as predicted revenues for Flutter in the US are expected to top $15 billion in the long-term.

Much will depend on how Bryant puts his experience to use in guiding Flutter through what’s expected to be another bumper year of growth for the US sports betting industry. But as it stands, it appears that things are looking very positive for Flutter’s US operations.

Read Also
Positive Trends For Sports Betting In Pennsylvania
It’s been yet another great month for sports betting in Pennsylvania. Recently ...
What we know about the ESPN Bet app
The US is about to get another powerhouse sports betting brand. This ...
BetMGM Promo
Wynnbet To Close Operations In Several States
The sports betting and iGaming brand, WynnBet, has announced its decision to ...
Fox wins right to buy FanDuel shares despite unexpected price
A New York arbitrator ruled Friday that Fox has the right to ...
Boxing Ends Year with a Bang, Not a Whimper
Professional boxing is the proverbial zombie. Called dead for years, the sport, ...
Sportsbook of the month
PointsBet - Get your Bonus Bet now! Get your Bonus Bet now!
Latest News
Las Vegas adult venue steps in after recent MGM cyberattacks
Amid the turmoil caused by recent cyberattacks at ...
Over $20 Billion In Revenues Since Legalization Of Sports Betting
Legal sports betting has only been in existence ...
Draftkings And Fanduel Battle For Control On NY Sports Betting Market
The battle between DraftKings and FanDuel for supremacy ...
Kansas Records $1.85 Billion Of Bets In First Year Of Sports Betting
It’s been a successful first year of operation ...
Las Vegas hotel manager allegedly embezzles $773k in fake refund scheme
Brandon Rashaad Johnson, a former Las Vegas strip ...
Top Betting Sites
Top Betting Bonuses
Bet365
Bet365
Bet365 Review
4.6/5
Caesars
Caesars
Caesars Review
4.6/5
PointsBet
PointsBet
PointsBet Review
4.5/5
BetMGM
BetMGM
BetMGM Review
4.5/5
Unibet
Unibet
Unibet Review
4.5/5
Bet365
Bet365 Bonus
Bet $1 & Get $365 in Bonus Bets
T&Cs apply
4.6/5
Bet $1 and Get $365in Bonus Bets at bet365. Deposit required. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
Caesars
Caesars Bonus
Bet $50 Get $250 in Bonus Bets
T&Cs apply
4.6/5
PointsBet
PointsBet Bonus
5 x $50Bet Credits
T&Cs apply
4.5/5
BetMGM
BetMGM Bonus
up to $1,500 back in Bonus Bets
T&Cs apply
4.5/5
Unibet
Unibet Bonus
$100 Second Chance Bet
T&Cs apply
4.5/5
21+ and physically present in VA only. Terms & Conditions apply. If you or someone you know has a gambling problem, please call, text or chat, VA Council on Problem Gambling on their confidential and toll free helpline at: 1-888-532-3500.
Get the latest updates in Sports and Casino via our Newsletter
Poker & Bingo

Full coverage of poker and bingo, from reviews of providers to guides and much more besides!

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

21+NCPG
Move to Top
Close
Players accepted in the US US Flag
Stake.us Exclusive Bonus
$25 No Deposit + 250,000 Gold Coins + 5% Rakeback
Promo Code
Copy
Visit Site
T&Cs apply, 18+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Exclusive promo code: BETCRYPTO
  • Drake loves this social casino!
  • Play for free with Gold Coins!
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site