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Flutter EntertainmentFLTR.LBUY ON WEAKNESSJul 07, 2023Stock price when the opinion was issued
International sports betting & gaming business (Poker Stars etc.).
$12 billion in revenues.
Total market for sports betting and gaming is growing.
Market share difficult to gain.
Challenging business model with uncertain regulation.
Consumer protection regulation & money laundering also a concern.
Would not recommend investing.
Online gambling business based in Europe.
Largest asset is USA business units DraftKings and Fan Duel.
Very well run company.
Managed excessive tech bubble well - didn't raise too much money.
Good to buy on share price weakness.