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
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...