4th Oct 2021 08:59
(Alliance News) - Flutter Entertainment PLC on Monday said it has confirmed Amy Howe as the permanent chief executive of its US gambling and fantasy sports business, FanDuel Group.
Dublin-based Flutter had hired Howe as FanDuel president back in February, leading commercial functions, before appointing her as interim chief executive in July.
Prior to joining New York-based FanDuel, Howe was Ticketmaster Entertainment Inc's chief operating officer. She led the digital transformation of the Beverly Hills, California-based event ticketing platform and grew its mobile app customer base by 400%, Flutter said. Ticketmaster is part of New York-listed Live Nation Entertainment Inc.
"Since joining [FanDuel], I have been very impressed by the quality of our team and the strategic advantages we enjoy in terms of brand reach, product quality and the broad expertise we leverage from being part of the wider Flutter group," commented Howe.
"That said, we must avoid complacency and remain focussed on executing on our long-term strategy to build the embedded value of the business."
Flutter has invested heavily in the US in the last year, with FanDuel growing revenue by more than double year-on-year to GBP652 million from GBP278 million in the six months to June 30.
FanDuel, which holds a market share of 45% in sports betting, benefited from launches in states such as Michigan and Virginia during the first half of 2021.
Flutter is planning a US initial public offering for FanDuel but back in May said this would be delayed due to the departure of Matt King as CEO.
Shares in Flutter were down 0.9% at 14,685.00 pence in London on Monday morning.
By Josie O'Brien; [email protected]
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