Flutter Entertainment

Loss making Fox Bet to close

  • Jul 31 2023, 08:45 IST/BST
  • Paul Ruddy
  • Company Report
  • 5 page(s)
  • Sectors : Gaming
  • Companies : Flutter Entertainment

Ratings and price correct at time of issue.

  • Flutter Entertainment

    Closing Price: 15370p

  • RATING 08/05/19

  • PREVIOUS RATING 29/08/17



Flutter and Fox Corporation this morning announced that the Fox Bet platform will close on a phased basis between July 31st and August 31st 2023. Fox Corp will take the Fox Bet brand and intends to re-launch its Super 6 game later this summer. The Fox Bet platform had been loss making to the tune of c.$60m (detail below). Although this is largely in line with our expected outcome, it is a positive to get confirmation that these losses will be removed. Flutter will also retain ownership of the attractive PokerStars brand.

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Jul 31 2023, 08:45 IST/BST