It seems hard to believe now, that just over a year ago there was an air of gloom among the investors of Paddy Power owner Flutter Entertainment.
Last July, shares in the gambling giant had hit a two-year low, and there was a “lot of negativity” among investors around the company’s performance and prospects, according to David Brohan, a gaming analyst at Goodbody Stockbrokers. “The US business hadn’t been profitable, and you had the changing legislation in the UK, and people were speculating about how bad that could potentially be,” Brohan told the Business Post last week.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: