Tag Archives: FanDuel

Shareholders of Flutter Entertainment have almost unanimously backed a US listing, with 99.9% of voters backing the idea at the group’s AGM this morning.  The Ireland-based group first aired the idea earlier this year when it held consultations with shareholders and explored the possibility of a secondary listing.  Aiming to support the growth of FanDuel, its US sportsbook brand that …

Flutter Entertainment has confirmed John Bryant as the group’s Chair Designate, with the new board member due to assume full Chair duties in September as the firm eyes US listing. Bryant’s appointment was first reported in UK media earlier this month amid rumours of the FTSE 100 gambling group’s desire to trade on a US stock exchange, with Sky News stating …

In the first instalment of an extensive two-part blog, Xtremepush Senior Account Executive Brandon Asgeirsson talks about how igaming is rapidly increasing in popularity across the US, with more states deregulating and presenting new markets for operators. Similar to the gold rush of the 1800s, there’s an air of excitement throughout the country and the land of opportunity is experiencing …

It’s been almost five years since the US gambling industry opened up for business, and since May 2018, we have seen tremendous growth across the market with some big players taking the lead in asserting market dominance. One such player has been FanDuel, which recently emerged as the first US gambling company to reach profitability – considerably earlier than expected …

Flutter Entertainment’s Board of Directors has notified investors that the FTSE100 business “aims to implement an additional US listing during Q4 2023”.  In February, Flutter’s board revealed that it was reviewing options to proceed with a ‘secondary US listing’ of its ordinary shares. Primary benefits highlighted by Flutter governance included a “deeper access to capital markets and to new US …

Apart from a vibrant exhibition showcasing various products and services and numerous networking opportunities, the Canadian Gaming Summit — the country’s premier gaming and betting event — will host a conference with an unrivalled line-up of first-rate speakers, handpicked by the event organiser, SBC. The ‘Leaders’ conference track, which will take place on June 14 at the Metro Toronto Convention …

Flutter Entertainment has confirmed the financial results outlined in its preliminary report earlier this month, following this up with the setting of new targets for the year ahead. The international operator published its 2022 annual report this morning, confirming group-wide revenue growth of 27% to £7.7bn (2021: £6bn), EBITDA up 4% to £1.04bn (£1bn) with a margin of 14% (16.6% …

Flutter Entertainment Plc has delivered on the objectives of a transformative 2022, maintaining ‘rapid US expansion’ whilst successfully integrating the new assets of Tombola and Sisal to diversify its home and international units. Announcing its full-year 2022 preliminary results, Flutter achieved group revenue results of £7.69bn, up 27% on corresponding FY2021 figures of £6.03bn. The FTSE100 gambling group maintains its …

The board of Flutter Entertainment Plc has this morning announced that it is examining options to pursue a separate US listing for FanDuel.  An FTSE filing revealed that Flutter’s board believes that listing FanDuel on a US exchange will generate “long-term strategic and capital market benefits for company shareholders”. The option comes as FanDuel has established itself as Flutter’s largest …