Flutter Entertainment PLC (PPB.HM)
- Yahoo Finance Video
DraftKings, Flutter fall on Illinois sports betting tax hike bill
Shares of DraftKings (DKNG) and Flutter Entertainment (FLUT, FLTR.L) fell sharply on Tuesday after the Illinois state Senate passed a budget that includes a tax hike on sports betting companies. The concern for investors is that other states could follow suit. Yahoo Finance's Seana Smith and Brad Smith break down the concerns about the legislation for the companies. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
- Bloomberg
DraftKings Falls as Illinois Nears Sports Betting Tax Hike
(Bloomberg) -- DraftKings Inc. and FanDuel-owner Flutter Entertainment Plc fell on Tuesday after the Illinois Senate passed legislation that would raise taxes on sports betting.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughMortgages Stuck Around 7% Force Rapid Rethink of Ame
- Bloomberg
European Stocks Retreat as Flutter Drags; Eyes on Inflation Data
(Bloomberg) -- European stocks slipped, dragged down by hefty losses in gambling operator Flutter and uncertainty over upcoming inflation data from Germany and other euro-area nations.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuck Around 7% Force Rapid Rethin
