Flutter Restructures US Operations as FanDuel CEO Howe Departs With $4.37M Severance

"Howe will receive severance of $4,370,828 equal to 24 months of her $1.03 million base salary plus bonus opportunity alongside time pro-rated and fully vested equity awards and up to 12 months of company-paid health insurance. According to an SEC 8-K filing, Flutter and Howe agreed to her departure on April 30, with the formal Separation Agreement signed May 5 and her employment terminating May 6. The agreement includes time pro-rated vesting of the Value Creation Award granted to Howe in October 2021 under its existing terms."

"Christian Genetski, FanDuel President since 2015, will assume leadership of the US business in addition to his existing responsibilities for corporate strategy, business development, strategic partnerships, legal, regulatory, and government affairs. Flutter also created a new group-level role, appointing Dan Taylor as President of Flutter Entertainment alongside his existing position as CEO of Flutter International. Taylor will oversee the FanDuel business in addition to the international portfolio that includes Paddy Power, Betfair, Sportsbet, PokerStars, and Sisal."

"Flutter reported group revenue of $4.3 billion for Q1 2026, up 17% year-over-year, but U.S. revenue grew only 6% to $1.76 billion, with US sportsbook revenue up just 1%. CEO Peter Jackson said the decision to depart was not Howe's, telling Reuters: It's no secret that FanDuel has underperformed, but looking forward, we've got to get the right team in place to support the business. In Flutter's official statement, Jackson said: With significant growth potential"

Amy Howe departed as FanDuel CEO on May 6 after five years leading the U.S. sportsbook, receiving $4,370,828 severance. Christian Genetski assumed leadership of the U.S. business while retaining responsibilities for corporate strategy, business development, strategic partnerships, legal, regulatory, and government affairs. Flutter also created a new group-level role appointing Dan Taylor as President of Flutter Entertainment alongside his existing CEO role at Flutter International. Flutter reported Q1 2026 group revenue of $4.3 billion, up 17% year over year, while U.S. revenue grew 6% to $1.76 billion and U.S. sportsbook revenue rose 1%. Flutter lowered FY 2026 EBITDA guidance from $2.97 billion to $2.87 billion.

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