US Stock Movement: Flutter plunges on September 28 due to Brazilian gambling ban, business suspension, and profit pressure
Bitget异动解读2026/09/28 18:40Flutter September 28 Sharp Drop Analysis
Keywords: Brazil gambling ban, business suspension, profit pressure
1. On September 25, the Brazilian government issued a provisional administrative measure prohibiting online sports betting and gaming. Flutter has suspended local operations, and revenue is expected to decrease by up to $70 million, with adjusted EBITDA to decrease by approximately $20 million.
2. On September 21, an institution downgraded Flutter’s rating from “Buy” to “Neutral” and lowered the target price from $169 to $119, citing the company’s four consecutive performance guidance downgrades this year.
(Disclaimer: This content is generated by AI technology based on publicly available information and is for reference only. It does not constitute investment advice.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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