FanDuel CEO Amy Howe Ousted as Flutter Stock Plunges

Amy Howe has been removed as CEO of FanDuel, the U.S. sportsbook operator, amid a sharp decline in parent company Flutter Entertainment's stock price. Christian Genetski, FanDuel's president, will assume leadership of the company. Flutter's stock has fallen nearly 60% over the past year, prompting the leadership change. The decision reflects ongoing challenges in the competitive U.S. sports betting market, where FanDuel faces pressure from rivals like DraftKings and BetMGM. Howe had served as CEO since 2021, overseeing FanDuel's expansion into multiple states. Genetski, a longtime executive at the company, is expected to steer a strategic reset aimed at restoring investor confidence. The ouster comes as Flutter considers a potential U.S. listing to boost its valuation.