Flutter Entertainment Eyes M&A Strategy for Brazil’s Growing Gaming Market

In a dynamic move to fortify its position in the Brazilian gaming market, Flutter Entertainment’s CEO, Peter Jackson, has dropped hints about the company’s strategic intentions during a recent earnings call.

With the country’s gaming regulations finally in place, the stage is set for Flutter to explore various avenues, including mergers and acquisitions, to seize the burgeoning opportunities in Brazil.

Flutter Entertainment’s Brazilian Strategy Unveiled

During a recent earnings call held on January 18, Peter Jackson, the CEO of Flutter Entertainment, offered valuable insights into the company’s evolving strategy in Brazil. With the long-awaited regulation of the country’s gaming market, the company’s approach to this promising market has been under scrutiny.

Jackson expressed his satisfaction with the performance of two of Flutter Entertainment’s prominent brands, PokerStars and Betfair, in the local Brazilian market. He emphasized that organic growth would be a central pillar of their future strategy. However, he left the door open to the possibility of mergers and acquisitions to further fuel growth in the region.

A Focus on Organic Growth and Beyond

“We’ve used M&A as a means of cementing positions on the podium,” Jackson explained. He hinted that while organic growth remained a priority, they were also considering other avenues to expand their footprint in the Brazilian gaming market.

Thriving iGaming Revenue

Flutter Entertainment continued its upward trajectory in the iGaming segment during the quarter. Notably, the group reported a staggering 49% year-on-year revenue growth for US iGaming, with the online casino segment outside the US witnessing an impressive 11% rise.

FanDuel Casino, a key brand under the Flutter umbrella, expanded its market share to an impressive 26%, firmly establishing itself as the second most popular online casino site in the country. Jackson attributed this success to the company’s strategic product initiatives, outlined during its 2022 Capital Markets Day.

Product Innovation Driving Growth

While acknowledging the historical importance of cross-selling in their iGaming strategy, Jackson underscored that a substantial portion of their new growth was stemming from dedicated online casino customers, drawn by the enhanced product offerings. He pointed to several critical changes in their iGaming products, including branding, free-to-play mechanics, positioning, and game offerings, as the driving forces behind their revenue surge.

A Commitment to Investment and Infrastructure

In anticipation of sustained growth, Flutter Entertainment is gearing up for substantial investments. Jackson emphasized the need for the right infrastructure to support the company’s expanding business scope. He highlighted the significant growth they have exhibited in the United States, a trend they foresee continuing.

Navigating a Competitive Landscape

Facing mounting competition from established rivals and new entrants such as ESPN Bet, Fanatics, and bet365, Flutter Entertainment remains undeterred. Jackson expressed confidence in the quality of their product and their overall market position, citing the business’s resilience and ongoing momentum.

As Flutter Entertainment navigates this dynamic landscape, their strategic prowess and commitment to innovation are poised to be key drivers of success in Brazil and beyond.

The post Flutter Entertainment Eyes M&A Strategy for Brazil’s Growing Gaming Market appeared first on Gamingo News.

In a dynamic move to fortify its position in the Brazilian gaming market, Flutter Entertainment’s CEO, Peter Jackson, has dropped hints about the company’s strategic intentions during a recent earnings call. With the country’s gaming regulations finally in place, the stage is set for Flutter to explore various avenues, including mergers and acquisitions, to seize
The post Flutter Entertainment Eyes M&A Strategy for Brazil’s Growing Gaming Market appeared first on Gamingo News.