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Flutter Entertainment Shares Slip on Guidance Cut
WSJยท 2025-11-13 10:54
Core Insights - The company has revised its full-year outlook downward due to increased investments in sports and prediction markets, a tax cost associated with the Illinois wager fee, and regulatory changes in India [1] Group 1 - The lower full-year outlook indicates a strategic shift towards enhancing investments in sports and prediction markets [1] - The tax cost related to the Illinois wager fee has impacted the financial projections for the year [1] - Changes in regulations in India are also contributing factors to the revised outlook [1]