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Flutter Entertainment runs online sports betting and iGaming with brands like FanDuel, Paddy Power, Betfair, and PokerStars. It operates platforms where users bet on sports, play casino games and poker, earning revenue from wagering and gaming activities. Its edge comes from a large, diverse brand portfolio, broad global reach, scaled operations, and strong governance with capital access from its US listing. The company aims to grow market share, improve the customer experience, and maintain high standards in governance and sustainability for long-term growth.
Industries
Entertainment
Gaming
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Dublin, Ireland
Founded
1988
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Total Funding
$5.3B
Above
Industry Average
Funded Over
4 Rounds
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Life Insurance
Paid Vacation
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Paddy Power considering closure of 100 betting shops. September 4, 2026 Flutter Entertainment has revealed that it's reviewing up to 100 Paddy Power betting shops in the UK and Ireland for potential closure, with around 400 jobs expected to be affected by the shutdowns. The review comes as the operator faces higher gambling taxes and rising costs for its retail business, and the shops currently under review could close before the end of 2026, although Flutter hasn't confirmed which locations could be affected. At the moment, Flutter operates 506 Paddy Power shops, of which 310 are in the UK, and 196 are located in Ireland. A Flutter spokesperson shared: "We are incredibly proud of our high street estate, and it remains a key part of our business in communities across the UK and Ireland. Unfortunately, we have had to take the extremely difficult decision to conduct this review. Our immediate priority at this time is to support those colleagues affected by this announcement." The company also pointed to higher operating costs, including rents, energy, employment, and business rates, as factors putting pressure on betting shops. Paddy Power employs more than 2,300 people, but the betting shop closures are expected to affect around a fifth of the operator's retail estate in both markets. The company further shared that it would work to redeploy staff members in cases where it's possible. Alla Basentsyan Content Writer As a content writer at AffPapa, Alla focuses on daily coverage of iGaming news, writes in-depth articles on the most relevant topics of the sector, and presents insights from industry professionals through dedicated interviews. She combines her background in research with an engaging and informative approach to help readers stay up-to-date with everything that's happening in global iGaming markets.
Flutter Entertainment initiates review of up to 100 Paddy Power shops. Flutter Entertainment has announced a strategic review of its retail estate that could result in the closure of up to 100 Paddy Power betting shops across the United Kingdom and Ireland. The potential contraction represents approximately 20 percent of the brand's total brick-and-mortar footprint across both jurisdictions and places roughly 400 positions at risk of redundancy. Management attributed the measure to escalating operational expenses, macroeconomic uncertainty, and recent fiscal policy adjustments impacting the gambling sector. Operational drivers and fiscal impact. The review encompasses a substantial portion of Paddy Power's 506 licensed premises, which currently comprise 310 shops in the UK and 196 in Ireland. The operator cited a combination of structural market challenges and immediate fiscal headwinds as the primary catalysts for the decision. In addition to rising property rents, energy bills, and business rates, the company emphasized the cumulative financial impact of increased gambling taxes enacted in the previous UK budget. To mitigate the employment impact, Flutter confirmed that redeployment options will be made available to affected personnel wherever feasible during the consultation process. Industry-Wide high street trends. Addressing the strategic assessment, a spokesperson for Flutter UK and Ireland highlighted the underlying commercial pressures facing traditional betting venues: "We are incredibly proud of our high street estate, and it remains a key part of our business in communities across the UK and Ireland. Unfortunately, we have had to take the extremely difficult decision to conduct this review. The high street trading environment has been challenging for a number of years given rising costs, fierce competition, economic uncertainty and the shift to online, but we also face a material impact from the higher gambling taxes announced in last year's UK Budget. Our immediate priority at this time is to support those colleagues affected by this announcement." The development reflects a broader structural contraction across the UK and Irish retail betting markets. Competing operators, including Betfred and Evoke, have similarly rationalized their physical shop networks in recent months, citing comparable tax adjustments and operational costs while consumer engagement continues to shift toward digital channels.
Flutter and EPIC expand safer gambling across FAI clubs. Flutter Entertainment and EPIC Global Solutions will extend their safer gambling programme to all 15 FAI National League clubs by the end of 2026. The initiative has already reached more than 2,000 League of Ireland players and staff. Safer gambling education expands across irish football. Flutter Entertainment and EPIC Global Solutions will extend a safer gambling programme across the Football Association of Ireland (FAI) National League. The programme will include all 15 founding National League clubs by the end of 2026. Since January, it has reached more than 2,000 League of Ireland players and FAI staff. Expansion across the FAI National League. The FAI National League is the third tier of Ireland's football pyramid. The competition began for the first time last month. EPIC has delivered more than 70 workshops through the programme. League of Ireland officials said the sessions provide insights for targeted support messaging and harm prevention strategies. Garret Higgins, Interim FAI National Competitions Lead, commented: "The impact of this programme across the League of Ireland has been a huge success story. So naturally, we're incredibly grateful to see this extended to our new FAI National League teams." Flutter's safer gambling investment. Flutter's expansion in Ireland follows a $139m (£102m) investment in EPIC's safer gambling capabilities worldwide. The operator allocated around $75m of that investment to the UK and Ireland. Flutter owns Paddy Power, Betfair and Sky Bet. Wider responsible gambling initiatives. Flutter recently launched a Centre of Excellence in Leeds. The hub focuses on collaboration, learning and experimentation in responsible gambling and customer protection. Last month, Flutter also extended its partnership with the Leeds Rhinos Foundation. Annual funding will rise from £25,000 to £36,000. EPIC workshops and player awareness. EPIC has worked with Flutter for several years and has delivered similar programmes across multiple sports markets. Paul Buck, Chief Executive Officer of EPIC, said the League of Ireland partnership had produced strong results. Player confidence in gambling awareness knowledge has reached 89%, according to Buck. Paul Buck, Chief Executive Officer at EPIC, commented: "Our work across sports shows strong results, and the League of Ireland partnership is among the most effective. Some 89% of players now feel confident in their gambling awareness, which reflects the value of education delivered by former players. Expanding to FAI National League teams will extend this impact across the pathway."
Midnite appoints VP of Casino and Loyalty Products. Published on: 1st September 2026 | Last updated: 1st September 2026, 3:22 pm Midnite has added to its iGaming team with the appointment of Willie Lok as its new Vice President of Casino and Loyalty Products. Lok joins Midnite after spending the past nine-plus years at Flutter Entertainment, serving in key product roles for its US-facing FanDuel brand and its UK-based Sky Betting and Gaming platform. The operator believes Lok's appointment will continue to help Midnite grow as it pushes to become a tier-one operator in the competitive UK iGaming market, utilising his experiences in building and scaling casino operations. Commenting on his new role, Lok said: "I'm really pleased to be joining Midnite and taking on the opportunity to help grow its casino and loyalty products. Building casino products at scale has shown me what a great player experience takes, and Midnite's in-house platform is a rare foundation for delivering one. "There's a clear ambition across the business, and I'm excited to work with the team as we build out the proposition and continue growing the casino business." Lok will be responsible for Midnite's casino and loyalty products. This is a role he knows well after spending the last four years at FanDuel, most recently as Vice President of Product, helping to establish the brand's casino offering across US markets. Before FanDuel, he worked for over four years with SkyBet in various product roles, including Head of Product. Nicholas Wright, Founder and Chief Executive Officer at Midnite, added: "Over the years, the casino sector has continued to evolve and innovate. "But SlotBeats believe that a structural gap still remains across many regulated markets, where the product expertise has been under-innovated and too many of the principles that define a great player experience require further refinement. At Midnite, SlotBeats is on a mission to change that. "With Willie joining the team, SlotBeats is setting a new standard for casino and loyalty as SlotBeats continue to push the boundaries of product innovation; having someone with his level of product and industry expertise join its team is a huge milestone for SlotBeats as SlotBeats look to scale Midnite into a next-gen tier 1 global operator. "We're incredibly ambitious about where we can take our casino and loyalty products, and Willie's appointment is an integral part of that journey. There's a real opportunity to raise the bar here, and we want Midnite to be the company that does it."
DraftKings and Flutter Entertainment are competing for leadership in the increasingly competitive online gaming industry, with distinct strategies and geographic footprints. DraftKings focuses on its US Super App and new Predictions offering, while Flutter relies on FanDuel's scale, international operations, and cost management. DraftKings reported encouraging metrics in Q2. Sportsbook handle rose 11% year over year, with monthly unique payers up 9%. Customer acquisition jumped nearly 75%, whilst acquisition costs fell approximately 25% below projections. Trailing 12-month revenue per customer increased 14% during the first half of 2026. The company's Predictions platform shows early promise, with over 600,000 customers engaging and annualised volume traded surging nearly fivefold to $11 billion by July. However, DraftKings plans to invest $200-300 million in Predictions during 2026 amid regulatory uncertainty.
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Industries
Entertainment
Gaming
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Dublin, Ireland
Founded
1988
Find jobs on Simplify and start your career today