Flutter Entertainment plc (FLUT): The Best Casino Stock To Buy According to Analysts? [Yahoo! Finance]
Flutter Entertainment plc (FLUT)
Company Research
Source: Yahoo! Finance
A Quick Recap of the Global Gambling Industry The world has seen a rapid growth in online gambling recently, which is fueled by the legalization of sports betting around in many countries. The United States ban on sports betting was lifted in 2018 since then many states have moved to allow such activities online as well. Makers of FanDuel and BetMGM have flooded the United States market with promotional content and advertising targeted at sports fans, encouraging them to participate in their fantasy leagues. Sports betting companies use various marketing techniques to cash in the sports seasons. In one of the BetMGM promotions, its brand ambassador Jamie Foxx, a movie star, encouraged sports fans to try betting on various outcomes in the game. The advertisements have been working well to drive revenue for the companies. As per the American Gaming Association, in 2023, online sports bookmakers took more than $114 billion in Bets. Moreover, the US revenue from online sports betti
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News
- Flutter Entertainment plc (NYSE: FLUT) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $255.00 price target on the stock.MarketBeat
- FanDuel Continues Commitment to Financial Literacy with Expansion of Operation HOPE PartnershipPR Newswire
- FanDuel Appoints Caralyn Cooley as Chief People OfficerPR Newswire
- Flutter Entertainment plc (NYSE: FLUT) is now covered by analysts at Barclays PLC. They set an "overweight" rating and a $263.00 price target on the stock.MarketBeat
- FanDuel Casino Crowns $1M Jackpot Summer Sweepstakes WinnerPR Newswire