{"id":164501,"date":"2024-01-29T12:06:00","date_gmt":"2024-01-29T12:06:00","guid":{"rendered":"https:\/\/esportsinsider.com\/?p=164501"},"modified":"2024-01-29T12:31:00","modified_gmt":"2024-01-29T12:31:00","slug":"flutter-entertainment-embraces-us-market-with-new-york-stock-listing","status":"publish","type":"post","link":"https:\/\/esportsinsider.com\/2024\/01\/flutter-entertainment-embraces-us-market-with-new-york-stock-listing","title":{"rendered":"Flutter Entertainment Embraces US Market with New York Stock Listing"},"content":{"rendered":"\n
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(Image: Flutter Entertainment)<\/figcaption><\/figure>\n\n\n
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Global betting giant Flutter, the parent company of FanDuel, has officially listed on the New York Stock Exchange (NYSE) as of last Monday, in a clear statement of intent to capitalize on its growing prominence in the US betting market.<\/p>\n\n <\/div>\n\n\n

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CEO <\/strong>Peter Jackson also stated that Flutter – which also owns brands including Paddy Power, Betfair, and PokerStars \u2013 planned to migrate its primary listing from the London Stock Exchange (LSE) to New York later this year, pending shareholder approval.<\/p>\n\n <\/div>\n\n\n

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The US iGaming market has been a complete game-changer for Flutter since the Supreme Court\u2019s decision to overturn a federal ban on sports betting. Just days after the May 2018 ruling, Flutter \u2013 then known as Paddy Power Betfair – acquired FanDuel in a bid to break into the emerging US market.<\/p>\n\n <\/div>\n\n\n

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Ever since then, FanDuel has become the torchbearer for its global operations in what is a thriving, if not fiercely competitive, American sports betting marketplace. No doubt underscored by the fact that the FanDuel betting platform generated over 40% of Flutter\u2019s global revenues, a significant reorientation of the company\u2019s income streams.<\/p>\n\n <\/div>\n\n\n\n

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