Earnings

Flutter Entertainment Ceases Operations In Brazil Following Executive Order Banning Online Betting; Estimates Up To $70M Revenue Impact And Reduction In Adjusted EBITDA Of ~$20M

Sep 28, 2026 · 10:59 AM ET· updated 51m ago

Flutter Entertainment plc (NYSE:FLUT) ("Flutter") the world’s leading online sports betting and iGaming operator notes the provisional executive order issued by the Brazilian Government banning online betting

Why It Matters

Flutter stopped its betting business in Brazil after the government banned online betting. This will cost the company about $70 million in sales and $20 million in yearly profit.

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FLUT78.52

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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

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