DUBLIN, May 7 (Reuters) - Fanduel-owner Flutter
cut its forecast for full-year U.S. profit growth on Wednesday
after a winning streak for gamblers hit earnings at the world's
largest online betting company for the second quarter in a row.
Bookmakers tend to suffer when favourites win and Flutter
expects U.S. core profit to be $180 million lower this year at
$1.13 billion due to an unprecedented run of bettor-friendly
results during the March Madness college basketball tournament.
Flutter nudged up its group-wide profit forecast to $3.18
billion from $3.16 billion in March following a $100 million
positive foreign currency impact and a $120 million acquisition
contribution not included previously.