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FanDuel and Flutter Donate $250,000 to Organizations Supporting Wildfire Relief Efforts in Los Angeles

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Company has been a member of the Los Angeles business community for 25 years and is committed to sup...

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Corporate Developments

Corporate social responsibility initiatives can enhance community relations, potentially impacting future revenues. However, this article lacks strong financial data affecting immediate stock performance.

FAQ

Why Bullish?

The company's philanthropic efforts enhance brand reputation, which can positively influence investor sentiment. Similar initiatives from other companies led to boosts in their stock performance.

How important is it?

Corporate social responsibility initiatives can enhance community relations, potentially impacting future revenues. However, this article lacks strong financial data affecting immediate stock performance.

Why Short Term?

Immediate goodwill from donations can attract positive media attention, but may not sustain long-term. Past incidents show that goodwill gestures have temporary stock boosts.

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Company has been a member of the Los Angeles business community for 25 years and is committed to supporting its affected employees and the wider relief efforts  , /PRNewswire/ -- FanDuel, its parent company Flutter Entertainment (NYSE: FLUT) and fellow subsidiary Flutter International today announced it is donating $250,000 to Americares and the Los Angeles Fire Department Foundation, in support of wildfire relief efforts throughout impacted communities in the greater Los Angeles area. Flutter and FanDuel have been proud members of the Los Angeles business community for nearly 25 years. Flutter's previously branded TVG platform, now FanDuel TV, the industry's leading horse racing wagering and television network, is based in Culver City, and FanDuel's history in the city dates back to 2014 with key corporate, commercial and product functions supporting its daily fantasy sports, online sportsbook and iGaming platforms residing in the city as well. The company employs nearly 400 colleagues in Los Angeles, several who have been impacted by the fires. "FanDuel and Flutter have been proud members of the Los Angeles business community for over two decades. We are heartborken by the devastating loss these wildfires have created in a community we call home," said Amy Howe, CEO of FanDuel. "We are committed to ensuring our employees are safe and making sure the community has the resources it needs to support the heroic efforts of our first responders." The donation to Americares will help the health-focused relief organization address urgent health needs in affected communities. The funding for the Los Angeles Fire Department Foundation will support vital equipment and programs that help save lives and protect communities. About FanDuel Group FanDuel Group is the premier mobile gaming company in the United States. FanDuel Group consists of a portfolio of leading brands across mobile wagering including, America's #1 Sportsbook FanDuel Sportsbook, its leading iGaming platform FanDuel Casino, the industry's unquestioned leader in horse racing and advance-deposit wagering, FanDuel Racing and its daily fantasy sports product. In addition, FanDuel Group operates FanDuel TV, its broadly distributed linear cable television network and FanDuel TV+, its leading direct-to-consumer OTT platform. FanDuel Group has a presence across all 50 states with approximately 17 million customers and 25 retail locations. The company is based in New York with offices in Los Angeles, Atlanta and Jersey City, as well as in Canada, Scotland, Ireland, Portugal, Romania and Australia. FanDuel Group is a subsidiary of Flutter Entertainment, the world's largest sports betting and gaming operator with a portfolio of globally recognized brands and traded on the New York Stock Exchange (NYSE: FLUT).  About Flutter Entertainment plc Flutter is the world's leading online sports betting and iGaming operator, with a market leading position in the US and across the world. Our ambition is to leverage our size and our challenger mindset to change our industry for the better. By Changing the Game, we believe we can deliver long-term growth while promoting a positive, sustainable future for all our stakeholders. We are well-placed to do so through the distinctive, global advantages of the Flutter Edge, which gives our brands access to group-wide benefits, as well as our clear vision for sustainability through our Positive Impact Plan. Flutter operates a diverse portfolio of leading online sports betting and iGaming brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, MaxBet, Junglee Games and Adjarabet. Media Contact: FanDuel Group / [email protected]  SOURCE FanDuel Group WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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