Flutter Entertainment financials hurt by voluntary Dutch exit
British and Irish iGaming behemoth Flutter Entertainment has announced that its decision to temporarily pull out of the newly-regulated market of the Netherlands could cost it up to £10 million ($11.6 million) this year.
The London-listed firm included the revelation in a third-quarter trading update before detailing that this expense could eventually rise to as high as £40 million ($46.3 million) for 2022 even if the country’s Kansspelautoriteit (KSA) regulator grants it a license by the end of next year. The company detailed that it voluntarily suspended its …