Flutter considers listing on the New York Stock Exchange

Flutter’s Board of Directors has revealed the group is thinking about listing the business on the New York Stock Exchange.

nyc_stock
Listen To Article

One of the reasons behind the considerations is the importance of FanDuel to the brand, which now generates more revenue than any other for Flutter. Furthermore, the Board believes the decision to list will add further benefits to the long-term strategy of the company.

The Board lists the reasons as: ‘enhancing the group’s profile in the US; better enabling the recruitment and retention of US talent; giving the group access to much deeper capital markets, and to new US domestic investors; providing greater overall liquidity in Flutter shares; and the optionality to pursue, as a second step, a primary US listing – one of the criteria for access to important US indices.’

However, despite the thinking, the Board will still have to consult the shareholders – which it says it intends to do ‘extensively’ and ‘immediately.’

Flutter also stated that ‘in the event that there is broad shareholder support for an additional US listing, this would take precedence over any plans to list a small shareholding in FanDuel.’

Earlier this year, Flutter International CEO Dan Taylor spoke exclusively to Gambling Insider about his rise through the ranks at Paddy Power Betfair, his directorial experiences at digital media firms and how his current role isn’t too far afield from his dream job as a child.

Meanwhile, Flutter also announced revenue of £1.89bn ($2.18bn) for the third quarter of 2022, a 31% increase from the prior-year period.

Premium+ Connections
Premium

GammaStack

 
Premium

RISK

 
 
Premium

1xBet Partners

 
Premium

Digitain

 
Premium

Sport Generate

 
Premium

Lynon

 
 
Premium

Imagine Live

 
Premium

Galaxsys

 
Premium

PIN-UP Partners

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Esportes Gaming Brasil

Ana Carolina Luna Maçães

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...