Flutter Entertainment Plc.

News, chat and debate about the Betfair betting exchange.
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LinusP
Posts: 1871
Joined: Mon Jul 02, 2012 10:45 pm

Betfair 2018 preliminary results released with a planned corporate name change

https://www.paddypowerbetfair.com/~/med ... 3-2019.pdf
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Euler
Posts: 24701
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

"There are no plans to use this historical name for consumers, and we will seek shareholders permission for the change at our forthcoming AGM."

I always maintained they should keep the exchange Betfair and put all the sportsbook and "can't win" stuff into the flutter brand.
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Euler
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Location: Bet Angel HQ

The ecosystem of exchange liquidity has been adversely affected in recent years by international market switch-offs due to regulatory changes. This has knock-on implications for UK exchange revenue growth. As such, successful execution of our international strategy will allow us to reverse this trend and enable Betfair to compete in additional global markets.
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Euler
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Location: Bet Angel HQ

Sports revenue was up 3% with sportbook revenue (62% of total) up 6% and exchange and B2B revenue (38% of total) down 2%. In sportsbook, the impact of sports results on the year-on-year growth across the full year was immaterial, with more bookmaker friendly results in H1 2018 offsetting tough comparatives in Q4 2017. Accordingly, the increased sportsbook net revenue margin reflected an underlying increase in the average expected margin, which was partially offset by decreased stakes. This trend in part reflected reduced recycling of customer winnings in Q1, but also reflected an increased strategic focus on profitable revenue growth, rather than volume.
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Euler
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Location: Bet Angel HQ

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LeTiss
Posts: 5386
Joined: Fri May 08, 2009 6:04 pm

It's a shit name on the face of it, however........

They are looking to open themselves up to new jurisdictions that have previously been denied, or were removed - they need to remove **Bet** from their name, as this suggests they are just a gambling company, and including the word **entertainment** puts a different slant on what they are about!

I suppose too, considering Betfair play their own markets, cream money off broken books with XM, don't give a stuff about customers who have been victims of fraud or outages, whilst taking PC from those who are successful.................being called BetFAIR seems far removed from the company they started out as anyway
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Euler
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When you consider racing dropped over £1bn in turnover last year, the slight decline in revenues indicates they are bumping up margins across the markets. That decline should be sharper.
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Euler
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Euler
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JTEDL
Posts: 536
Joined: Wed Aug 23, 2017 2:21 pm

Interesting to see 'Top 3 reasons' for using Exchange:

1st - Value
2nd - Lay bets
3rd - TRADING
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PDC
Posts: 2272
Joined: Sun Jul 24, 2016 5:52 pm

JTEDL wrote:
Wed Mar 06, 2019 11:48 am
Interesting to see 'Top 3 reasons' for using Exchange:

1st - Value
2nd - Lay bets
3rd - TRADING
That is the reason only, it doesn't for example mean that trading is the 3rd in terms of amount of money matched on the exchange.
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Naffman
Posts: 5626
Joined: Sun Aug 11, 2013 5:46 am

'Value' basically means backing so who can think of any other reason than them 3 - maybe hedging and arbing but that wouldn't account for a big percentage.

It's stats like these that make you understand why they earn the big bucks
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megarain
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Joined: Thu May 16, 2013 1:26 pm
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PaddyPower/Betfair share pirce down 10% in 2 days ..
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