Sky Bet: Flutter Entertainment Reports Profit Decline Amid Rising Costs

Flutter Entertainment's Sky Bet experienced a notable profit decrease amid escalating expenses. Operating expenses for Sky Bet rose by £44 million reaching £310.2 million, primarily due to inflation and salary hikes. Despite revenue growth from £469.7 million to £495.4 million, no dividends were declared this year due to financial strain. The acquisition of The Stars [...] The post Flutter Entertainment Reports Profit Decline Amid Rising Costs appeared first on Financial News.