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Flutter Entertainment issues profit warning over sporting fixture cancellations

16th March 2020 9:07 am GMT
Flutter Entertainment

London-listed betting and gaming operator Flutter Entertainment has warned that group EBITDA could be reduced by as much as £110m if the current restrictions on sports fixtures remain in place until the end of August.

With almost all major sporting events in the UK and across the world cancelled or postponed indefinitely in an effort to delay the spread of the COVID-19 virus, Flutter said that this will have a material impact on the group, which generated approximately 78 [...]

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