City skeptical of Flutter’s US revenue projections following string of customer-friendly NFL outcomes

William Hill’s parent company 888 Holdings is set to release a post-close update on Wednesday. This update comes ahead of Flutter Entertainment’s release on Thursday. Flutter Entertainment, which includes popular gambling brands like Paddy Power, Betfair, and Sky Bet, is also gearing up for a significant event in its history – its secondary listing on the New York Stock Exchange, which is set to take place in 11 days.

In other news in the betting world, there is ongoing speculation about the future of Entain, a prominent gambling company. Critic Ricky Sandler has recently joined Entain’s board, adding fuel to the speculation. There are also discussions about the challenges that the gambling industry is expected to face in 2024, including tighter regulation and takeover talks.

Additionally, there is news about the levy yield in the racing industry, which has reached an impressive £100 million. However, there is a cautionary note about the health of racing’s betting turnover despite this positive development. There are concerns about the potential impact of the new statutory levy on problem gambling charities, but a minister has moved to calm these fears.

Finally, the embattled Kindred Group has announced its decision to exit the North American market. This move has brought attention back to the possibility of a sale for the company.

Overall, the gambling industry is experiencing significant developments and challenges, with updates from major players like 888 Holdings, Flutter Entertainment, Entain, and Kindred Group.