Flutter entertainment

[megarain]

1 yr chart :

Ex-CEO - Peter Jackson to step down next month - love to see what payoff he gets

Down 10% today on weak Q2 earnings report. Delisted from UK to hide ?

flutter nosedive 5 aug.jpg

[Euler]

Not sure what to make of his time at the head of Flutter. He managed to give them a big push into the US and turn them into a Goliath, but of course they've continued to spend enormous amounts of money and not really seen a return on it.

[megarain]

He seemed customer-friendly, but the company is rapidly becoming non-existent.

Rightly, the buck has to stop somewhere.

I wish someone with a brain would buy the exchange and spin it off.

[tryingtotrade]

So what does it mean for the future of betfair?

[megarain]

IMHO US based companies will make the Betfair exchange irrelevant in 5 yrs, if not sooner.

If I was still in this for the long term, I would be looking at other solutions. The Uk gamblling landscape is just too political/regulated.

They are now too far behind to get back in. Toasted.

DK volumes.jpg

Pic is Draft Kings volumes - which shows the growth etc. Crypto grey site - Stake, also showed phenominal figures.

[tryingtotrade]

Could you easily switch your strategies to draft kings or other US platforms?

[megarain]

Pretty easily - and found other opportunities, without the headaches Betfair "customer service" provided.

If you can manage risk, there are possibilities everywhere.

[megarain]

Just saw Polymarket looking to float via IPO with a $20b valuation. Flutter currently $18b market cap.