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NEW YORK - FanDuel Group, a North American online gaming company, announced Monday the appointment of Shailagh Murray as Senior Vice President of Public Affairs and Jonathan Nabavi as Vice President of Federal Affairs. The appointments come as the company continues its robust growth trajectory, with parent company Flutter Entertainment (NYSE:FLUT) showing strong market performance with a 44% return over the past year.
Murray previously served as Executive Vice President of Public Affairs at Columbia University and held senior advisory roles in the Obama White House, including as Senior Advisor to President Obama from 2015 to 2017. Her earlier career included journalism positions at the Wall Street Journal and Washington Post.
Nabavi joins FanDuel from the National Football League, where he managed the NFL’s public policy and legislative agenda. His experience includes advising the league on its approach to sports betting. Prior to the NFL, Nabavi held various congressional staff positions, including as Majority Counsel for the United States Senate Committee on the Judiciary.
"As we look to the future, we understand the important role FanDuel must play in policy discussions that will address how we build and shape the online gaming industry over the long term," said Christian Genetski, President at FanDuel, in a press release statement.
FanDuel Group, a subsidiary of Flutter Entertainment (NYSE:FLUT), operates across all 50 states with approximately 17 million customers and 25 retail locations. The company offers sports betting, iGaming, horse racing, and daily fantasy sports products. According to InvestingPro data, Flutter Entertainment has generated impressive revenue of $14.32 billion in the last twelve months, with analysts expecting continued growth this year. The company currently trades near its Fair Value, with a market capitalization of $49.26 billion. For deeper insights into Flutter Entertainment’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Flutter Entertainment’s earnings potential remains a focus as Citizens JMP reiterated its Market Outperform rating, maintaining a $301 price target. The firm emphasized Flutter’s unmatched earnings power and global capabilities as key factors for its continued market expansion. Meanwhile, Bernstein maintained a Market Perform rating with a $275 price target, highlighting Flutter’s growth potential in the U.S. market through FanDuel and its technological advantage via the Flutter Edge platform. However, Bernstein also flagged concerns about potential regulatory changes in the U.K., which could impact a significant portion of Flutter’s EBITDA.
HSBC raised its price target for Flutter Entertainment to $259 from $254, though it maintained a Hold rating, cautioning against viewing recent share price weaknesses as a buying opportunity. The firm noted that fundamental upside for Flutter is limited. In response to Illinois’ new betting transaction fee, Flutter announced a $0.50 charge per bet for FanDuel customers in the state, effective September 2025. CEO Peter Jackson expressed disappointment, noting the fee’s impact on recreational customers and the potential shift to unregulated operators. This development comes after Illinois increased its betting tax rate in 2024, which FanDuel had previously absorbed.
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