Flutter Entertainment Considers Cutting 200 Jobs in UK

August 29, 2022
Mark Patrickson

Flutter Entertainment is considering a cull of 200 jobs in the UK following the success of its American operation. The firm will conclude a review in September that began following the $6bn acquisition of Star Group (PokerStars’ owner) in 2020.

The possible changes came to light after the London-based firm revealed better than expected earnings for the first two quarters of 2022 particularly in the US.

Particularly Pleased

Following the positive news, Flutter shares jumped 10.5% in one day.

“We’re significantly happy with momentum within the US, the place we prolonged our management in on-line sports activities betting with FanDuel claiming a 51% share of the market and primary place in 13 of 15 states, serving to contribute to constructive earnings,” Jackson mentioned in an announcement.

This news follows on the back of the recent acquisition of Italian gaming giant Sisal in a $1.6bn deal. Flutter continues to drive hard to stake a claim for dominance in every major gambling market in the world.

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