Flutter Entertainment is winding down its Betfair operations in Italy, citing unsustainable regulatory changes. The company will discontinue Betfair Exchange, Sportsbook, and Casino in the country.
Flutter Entertainment is reducing its workforce by up to 1,400 employees due to regulatory changes. Meanwhile, the NBA is tightening safeguards against corrupt wagers, and LCKY Group expands in the Nordics.
Flutter Entertainment, owner of Paddy Power, is planning to lay off up to 1,400 employees in the UK and Ireland due to increased gaming taxes. The company cites the rise in Remote Gaming duty to 40% and general betting duty to 25% as the primary reasons for the job cuts.
Flutter Entertainment is consolidating PokerStars with other gaming brands to increase player liquidity. The integration began with Betfair and will expand to Sky Bet and Paddy Power.
Flutter Entertainment's CEO Peter Jackson is stepping down, and Kalshi faces legal troubles in Utah and New York. Flutter's new CEO will be Dan Taylor, an insider with a strong track record.
Flutter Entertainment has announced that Dan Taylor will take over as Group Chief Executive Officer on October 1, 2026, succeeding Peter Jackson. Taylor currently leads Flutter's International division, which generated over $9 billion in annual revenue in 2025.