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Apr 17 2020, 07:20 IST/BST
Flutter Entertainment’s (Flutter) Q1 update confirms that COVID-19 has disrupted a very strong start to the year – revenues until March 15th increased by 29% year-on-year (yoy), with equally encouraging customer momentum. Its performance since then has also been more resilient than expected, down 32% in recent weeks. With receipt of Irish competition approval (on April 16th), deal completion is edging ever closer. Year-to-date performance of both groups (see The Stars Group’s positive Q1 update also this morning) suggests the acquisition will create a fast growing and diversified business, with accelerating momentum across several key businesses and geographies.
Apr 17 2020, 07:20 IST/BST