The house always wins. I think its a great investment
Anyone that enjoys a punt would know that Flutter/PP have fucked their own market with tilting everything in their own favour. Lads who know all that still wanting to buy their shares would puzzle me
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Its their ability to expand into other markets that im impressed by. I’ve no doubt theyll put up some savage bling site that attracts a welly load of american football money once they get access.
They’ve been in the US markets now at least ten years I’d imagine. They made a cunt of their attempts at controlling the DFS markets as well. Not everything they touch turns to gold
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Not particularly . They’ll handle regulation. The share price has tanked because of the massive money they’ve spent getting off the ground in the US (customer acquisition through attractive opening account offers etc) and most crucially the unexpected rise of prediction markets. They also had to pull out of India taking a $500 million dollar hit on their investment. The big prediction markets firms (Kalshi and Polymarket) are acting illegally and operating in states not yet regulated for sports betting but are circumventing that as they’re “prediction markets” not sports betting, but it’s an extremely grey area and will be challenged in courts successfully down the line. I mean they’re offering sports betting but it’s a yes or no market - ie will LeBron James score 20pts + tonight yes or no. They’ve stolen a march on the likes of flutter in certain states as a result of this. Trumps son is heavily involved with the main prediction market outfit, Kalshi, so I don’t expect any great changes soon to stop them but probably once Trump leaves office (if not before then) they will be brought to heel in the states they shouldn’t be in.
I think Flutters price will take off again but it might remain in the current sort of region for up to 2yrs or so but there’s also a chance at any moment the courts bring the prediction markets to heel, even though it’s not hugely expected imminently due to the Trumps.
I would be prepared to back Flutter to work its way through this volatility and prosper hugely in the decade or two to come. I think it’s a licence to print money.
Don’t know what you mean by that - I think you’re trying to suggest that punters have sussed that they can’t beat the house? That doesn’t stop people enjoying a punt. And America is the new horizon and those chaps are absolutely clueless at the moment and will be for some time about the nuances of the betting industry.
Since late 2018 when it became legal so just over 7 years, and it would have started off with baby steps and only certain states legal initially. It’s all still a bit in its infancy but it’s the future for big companies like Flutter.
I’m getting all sorts of questions and answers here bar the one I asked initially.
I would say USD far safer option if you are planning in a 20 year timeframe
Bastards took our DFS away
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Judd Trump at 5s for World Snooker is much better.
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Just bang it in an index or lovely hurling for the willow warm
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@Julio_Geordio any opinion on which exchange I should buy off pal?
A quick look would suggest all the liquidity is on the NYSE. That’s where I would trade as a result.
Don’t worry about the currency exchange on the share price too much.
Your actually currency risk is underlying in their US earnings. They report in USD now so weakening dollar Vs euro or GBP would technically increase their earnings
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Ya I wouldn’t touch any of these companies
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True, Entain (Ladbrokes) took a €700 million fine from the Turkish govt a few years ago. Increased regulation will play havoc with their bottom line
365 and Flutter be big enough to survive as they are?
I’d stay away from any stocks until the mid east conflict is resolved
Wishful thinking on his behalf. I would see flutter and bet365 prospering long term. Bet365 is privately owned, it’s not on stock exchange. William hill and Ladbrokes appear to be fucked. But the UK is a minor side note in these companies business models. It’s all about the US. Flutters share price went to $99 yesterday. There could be a bit of scope that it falls further in the short term. Hard to time the bottom.
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It’s currently trading about $100 or thereabouts, down from the small $300’s of last August. Debt to equity is high and as has been alluded to in the thread earlier sympathy/ love for the industry is weak and weakening.
But, it’s your money and you’re entitled to spend it what way you like.
Hard cash is about to become more useful that ever - Landcruisers & 3ltr diesels will be for next to nothing as this fuel crisis deepens….