Flutter reshapes leadership as US expansion weighs on outlook
Flutter Entertainment says CEO Peter Jackson will step down in October and will be replaced by Dan Taylor, as the group cautions that higher US investment will reduce near-term profits and trims revenue guidance by $395 million to $17.9 billion and EBITDA guidance by $210 million to $2.66 billion; shares fell after the announcement. The move comes as FanDuel faces competition from prediction markets, and Flutter accelerates US growth with bets and partnerships while continuing its global expansion.