Prediction market gains far outweigh any sports betting hit, Flutter says

Reuters

Feb 27

Feb 26 (Reuters) - Flutter Entertainment PLC , FLUT.N analyst conference call::
*FLUTTER CEO: OPPORTUNITY IN U.S. PREDICTION MARKETS CERTAINLY FAR BIGGER THAN ANY CANNIBALISATION OF ONLINE SPORTS BETTING
*FLUTTER CFO: BASED ON SMALL SAMPLE WE HAVE IN FEBRUARY, WEEK-TO-WEEK VOLUME TRENDS DEFINITELY IMPROVING
*FLUTTER CEO: RESERVING THE RIGHT TO INVEST MORE IN PREDICTION MARKETS IF OPPORTUNIIES ARE GREATER
*FLUTTER CEO: SPENT SLIGHTLY LESS ON FANDUEL PREDICTS IN Q4 THAN $45 MILLION GUIDED
*Further company coverage: FLTRF.L
* (Reporting By Padraic Halpin)
* ((Padraic.Halpin@thomsonreuters.com;))

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 26-FEB-202622:27:04 GMT

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