Flutter Stops Real-Money Gaming Operations in India Following New Law

MT Newswires Live

Aug 25

Flutter Entertainment (FLUT) said Monday it has stopped its real-money gaming operations in India after the country passed a law prohibiting real-money gaming products on Friday.

The company said its Indian business was expected to contribute about $200 million in revenue and $50 million in adjusted earnings before interest, taxes, depreciation and amortization in 2025, with about half of the profits expected in H2.

Flutter said it is "assessing the accounting implications" of the development and will "provide additional disclosures as conclusions are made."

Price: 298.98, Change: -0.44, Percent Change: -0.15

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