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    FLTR   IE00BWT6H894

FLUTTER ENTERTAINMENT PLC

(FLTR)
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Flutter Appoints Amy Howe as Interim CEO for US Subsidiary

07/12/2021 | 08:12am EDT

By Joe Hoppe

Flutter Entertainment PLC said Monday that Matt King, Chief Executive Officer of its U.S. subsidiary FanDuel, will step down from July 16, and that it has appointed FanDuel President Amy Howe as interim CEO.

The Dublin-based sports-betting and gambling group said that Ms. Howe will take on the interim CEO role alongside her existing role, with responsibility for leading the company's core commercial functions across its Sportsbook, Casino, Racing and Daily Fantasy units.

Flutter--which also owns the PokerStars, Paddy Power and Betfair brands--said the search for a permanent successor continues.

FanDuel was acquired in 2018 by Flutter, which was then called Paddy Power Betfair. The company cautioned on May 12 that the expected departure of Mr. King will affect the timing of a potential U.S. listing of a stake in FanDuel.

"The appointment of [Ms. Howe], working alongside the wider FanDuel leadership team, will support the key focus on growing the business and retaining our number one position in the U.S. market," Flutter CEO Peter Jackson said.

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

07-12-21 0812ET

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Analyst Recommendations on FLUTTER ENTERTAINMENT PLC
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Financials
Sales 2021 7 090 M 8 309 M 8 309 M
Net income 2021 308 M 362 M 362 M
Net Debt 2021 2 817 M 3 302 M 3 302 M
P/E ratio 2021 47,1x
Yield 2021 0,18%
Capitalization 31 553 M 36 948 M 36 980 M
EV / Sales 2021 4,85x
EV / Sales 2022 4,30x
Nbr of Employees 14 802
Free-Float 95,7%
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Technical analysis trends FLUTTER ENTERTAINMENT PLC
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 180,20 €
Average target price 238,94 €
Spread / Average Target 32,6%
EPS Revisions
Managers and Directors
Jeremy Peter Jackson Chief Executive Officer & Director
Jonathan Stanley Hill Chief Financial Officer & Director
Gary W. McGann Non-Executive Chairman
Zillah Ellen Byng-Thorne Independent Non-Executive Director
Michael Cawley Independent Non-Executive Director
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