Tag: flutter
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‘Reclusive’ Billionaire Builds Huge Stakes In Flutter, DraftKings
DraftKings and FanDuel compete for U.S. online gamblers, but they also furiously lobby together—and now share one especially large investor you may not have heard of. That billionaire, Kenneth Dart, has quietly built huge stakes across the sector. Americans lost $27 billion to state-sanctioned online gambling in 2025, and losses this year are on pace…
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Harvard Sells Entire FanDuel Parent Stake, Filing Shows
Harvard University’s endowment manager no longer reports a direct ownership stake in Flutter Entertainment, the Irish parent company of the U.S. gambling brand FanDuel. Harvard Management Company’s latest public SEC filing shows that it has exited its Flutter position. Its Q1 2026 Form 13F showed 80,341 Flutter shares worth about $8.19 million as of March…
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Flutter Loses CEO As It Spends More To Seduce Gamblers
Flutter will replace its longtime CEO this fall as its FanDuel subsidiary urgently spends more on promotions intended to reactivate gamblers and reduce churn. Peter Jackson will step down Sept. 30 after nearly nine years as CEO, Flutter announced alongside its second-quarter financial results. Dan Taylor, Flutter’s president and international CEO, will replace him Oct.…
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