Flutter warns on earnings as sports matches suspended after virus outbreak

The company behind Paddy Power and Betfair has warned it faces an “unprecedented” challenge as sports matches and leagues are cancelled because of the Covid-19 outbreak.

Flutter warns on earnings as sports matches suspended after virus outbreak
Mon, 16 Mar, 2020 - 08:16
Press Association

The company behind Paddy Power and Betfair has warned it faces an “unprecedented” challenge as sports matches and leagues are cancelled because of the Covid-19 outbreak.

Flutter Entertainment, which gets nearly 80% of its revenue from bets on sporting events, said its accounts will be seriously dented.

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CourtsCoronavirusPlace: EnglandPlace: SpainPlace: ItalyPlace: FrancePlace: GermanyPlace: USPlace: UKPlace: IrelandPerson: Peter JacksonPerson: FlutterPerson: JacksonEvent: European football championshipsEvent: Euro 2020Organisation: FlutterOrganisation: Paddy PowerOrganisation: BetfairOrganisation: Flutter EntertainmentOrganisation: Jefferies
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