Flutter’s new darling is the US business FanDuel, which raked in about $150 million more than any other section over the quarter. But even the booming US market is not enough to push up the business entirely, with its London-listed share price falling by 20 per cent over the past six months to $24,164. It’s not just Australia’s biggest corporate bookmaker that is suffering. ASX-listed Tabcorp and LSE-listed Entain have also flagged that they are experiencing weakened trading conditions in Australia. Tabcorp’s revenue has fallen by more than 6 per cent for the first quarter of 2024 and Entain said in September that its local revenue had slumped by high single digits. Tabcorp’s share price
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