Flutter Entertainment PLC

Flutter Entertainment Plc engages in the business of online betting and gaming. It operates through the following segments: UK and Ireland, Australia, International, and US. The UK and Ireland segment includes the operations of Sky Betting and Gaming, Paddy Power, Betfair, and tombola. The Australia segment focuses on sports betting services provided to Australian customers online. The International segment relates to poker, casino, rummy, lottery, and sports betting. The US segment includes sports betting, daily fantasy sports, and gaming services. The company was founded in 1988 and is headquartered in Dublin, Ireland.

Paddy Power owner Flutter Entertainment PLC (LSE:FLTR) saw global revenues grow by 24.6% year-on-year to $11.79 billion (£9.3 billion) in 2023, although net losses widened to $1.21 billion from $370 million in the previous year. This net loss was primarily due to significant non-cash charges, including a $725 million impairment on the PokerStars trademark.

Paddy Power owner Flutter hails positive US earnings

Sage Group PLC/The

The FTSE 100 and FTSE 250 indices have lagged behind their global peers. There are concerns about demand for UK stocks as the economy slows. Flutter Entertainment, Wise, and Sage Group will likely do well in February.

The best UK stocks to buy in February 2024

FanDuel parent company Flutter is now trading on the New York Stock Exchange. The Ireland-based company announced in a Monday (Jan.

FanDuel Owner Takes on DraftKings on NYSE

As the U.S. prepares for Super Bowl 2024, Wall Street is cheering on the newest sports betting stock to hit the market. International gambling giant Flutter Entertainment (NYSE: FLUT ) begins trading today on the New York Stock Exchange (NYSE).

FLUT Stock: 10 Things to Know as Flutter Entertainment Starts Trading in the U.S.

The online sports-betting company will have a secondary listing in New York, but hopes to make it the primary one.

Flutter Begins Trading on the NYSE. CEO Says It's the ‘Right Place for Us to Be.

Flutter Entertainment PLC (LSE:FLTR) on Monday said it plans to move its main stock listing to the US in the leatest blow to London's ailing stock market. The Paddy Power owner made the announcement as share in the firm prepare to debut in the US.

Flutter to shift main listing to US in latest blow to London

Flutter Entertainment, the parent company of FanDuel, started trading on the New York Stock Exchange for the first time Monday, as the company tries to narrow the valuation gap between it and rivals including DraftKings.

FanDuel's parent starts trade on the NYSE, plans primary listing in New York

DraftKings

DraftKings Inc (NASDAQ: DKNG) is in focus on Monday after rival Flutter Entertainment debuted on the New York Stock Exchange. Why is Flutter news significant for DraftKings?

What's next for DraftKings as Flutter lists on the NYSE?

Dublin-based Flutter said on Monday it will propose moving the primary listing of its shares from London to New York at its annual general meeting in May.

Online betting firm Flutter to propose New York primary listing at annual meeting

Trading to commence on NYSE LONDON and NEW YORK, Jan. 29, 2024 /PRNewswire/ -- Flutter is pleased to announce today, 29 January 2024, the listing of the Company's ordinary shares on the New York Stock Exchange ("NYSE"), with trading to commence at 09.30 ET. Flutter also confirms that the cancellation of the secondary listing of the Company's ordinary shares on Euronext Dublin took effect at 08.00 GMT today.

Flutter commences trading on the NYSE. Proposed transition of primary listing to US.

FanDuel-parent company Flutter lists on the New York Stock Exchange, giving U.S. investors more choice in sports betting.

FanDuel-parent Flutter to list on the NYSE, challenging DraftKings as sports-betting pure play

Gambling giant hails ‘pivotal moment' with listing on New York stock exchange as US sports betting business surges

FanDuel owner Flutter to list in New York amid US gambling boom

Flutter will complete a dual listing on the New York Stock Exchange on Monday.

Flutter Is Coming to the NYSE. What It Means for DraftKings.

FanDuel Casino partners with Vegas Matt in a long-term deal inclusive of social media content, promotional offers, branding, and more. NEW YORK , Jan. 25, 2024 /PRNewswire/ -- Today, FanDuel Group, the premier online gaming company in North America, announced a new exclusive partnership with Vegas Matt for FanDuel Casino to create engaging content that will educate fans on casino games and the importance of responsible play.

FanDuel Casino Welcomes Vegas Matt As Ambassador in Exclusive Deal

Shares of Irish online sports betting (OSB) and gaming leader Flutter Entertainment plc OTCMKTS: PDYPY lept 23% to $100.23 last week in three-times normal volume. The surge came ahead of Flutter's much anticipated New York Stock Exchange (NYSE) listing — which could happen as soon as next week.

Flutter Entertainment flies to $100 ahead of NYSE listing

Citi has upgraded the target price for Flutter Entertainment PLC (LSE:FLTR) by £10 a share to £180 head of its listing in New York next week.  Following Flutter's 17% share price rally post its fourth-quarter trading update for 2023, the investment bank's analysts have taken a closer look at the company's prospects, and specifically its ownership of the fast-expanding FanDual sports book operation.

Flutter Entertainment: Leading investment bank upgrades ahead New York listing

Donation timed to celebrate one year anniversary of mobile sports betting launch in Ohio NEW YORK , Jan. 22, 2024 /PRNewswire/ -- FanDuel, North America's premier online gaming company, today announced a $1 million donation supporting the UNCF (United Negro College Fund) whose mission is to build a robust and nationally recognized pipeline of under-represented students who, because of UNCF support, become highly qualified college graduates. The donation will financially support students at 10 Historically Black Colleges and Universities (HBCUs) across Ohio.

FanDuel Makes Third $1 Million Donation to UNCF to Support Students from Ohio HBCUs

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iRobot

The CE 100 Index lost 0.6% as gains from the Have Fun segment were blunted by double-digit plunges from the likes of iRobot — where concerns over the firm's takeover by Amazon (and possible derailment) sent investors fleeing.  Within the Have Fun group, which got a 3.3% boost, shares of Flutter Entertainment soared 23%.

Flutter Soars, iRobot Crashes on Amazon Deal Doubt as CE 100 Index Dips 0.6%

Flutter has been upgraded by analysts at Deutsche Bank even after what they describe as a mixed fourth-quarter performance. Sports results in the US were weak but outside of the states the group was ahead of expectations largely down to the UK where it owns Paddy Power and Betfair.

Flutter gets price target upgrade after fourth quarter impresses Deutsche Bank

Shares in Flutter Entertainment rallied in London on Thursday ahead of a planned U.S. stock-market listing, even as the FanDuel owner warned that a string of sporting results in customers' favor will result in lower-than-planned revenue.

Flutter Entertainment shares rally ahead of U.S. listing

Shares in Flutter Entertainment PLC (LSE:FLTR) jumped 12% as the City shrugged off news that US results had been impacted by “customer friendly” results, particularly in the NFL. The owner of Paddy Power said fourth quarter revenue in the US was impacted by customer friendly sports results to the tune of $343 million, partially mitigated by expected gross revenue margin being better than anticipated.

Flutter jumps despite 'customer friendly' results as US listing looms

Online betting giant Flutter posted a 15% rise in fourth-quarter revenue on Thursday but said growth of 26% in its Fanduel U.S. business was below expectations due to a series of very friendly customer results.

Betting giant Flutter's Q4 U.S. revenues below guidance

Vermont launched online sports betting Thursday, becoming the latest state to jump into the booming industry.

DraftKings, FanDuel launch mobile sports betting in Vermont as industry keeps booming

Betting group Flutter Entertainment PLC (LSE:FLTR) will provide a preliminary update on full-year trading next Thursday, 18 January. However, it's any news on the FTSE 100 firm's intention to list on the New York Stock Exchange later this month that investors will likely be keeping an eye on.

Flutter to give final update before listing in New York

Morgan Stanley (NYSE:MS) has highlighted its top picks in the leisure and hotel sectors for 2024, citing Flutter Entertainment PLC (LSE:FLTR), Accor, Whitbread PLC (LSE:WTB), and Compass Group PLC (LSE:CPG) as top overweight stocks with a positive outlook on their future performance. In the betting space, Paddy Power-owner Flutter's US listing “should be positive for investor attention, liquidity and comparability”, according to the bank, with the group's transformative financial profile and M&A opportunities paving the way for shares to outperform.

News for Flutter Entertainment PLC Stock (PDYPY)