Flutter Entertainment Plc, owners of the Betfair, FanDuel, Paddy Power, PokerStars, Sky Betting, and many Gaming brands including Junglee Games in India, has listed on the New York Stock Exchange (NYSE). Prior to its listing on the NYSE, Flutter’s primary listing was on the London Stock Exchange (LSE).
The NYSE is the largest exchange in the world and this landmark development marks a transformative step in the company’s journey, reinforcing their commitment to ‘Changing the Game’ in the global market. This not only opens doors to a larger pool of potential investors in Flutter but also showcases the company’s constant growth trajectory in the US market. The Flutter family celebrated this milestone listing moment along with the company’s CEO Peter Jackson at the famous NYSE Opening Bell on January 29.
The company shared the exciting news of its official listing on the NYSE via their Twitter handle.
As the company begins trading on the NYSE, the excitement echoes through the trading floors and investors anticipate the positive impact on the company’s market presence and value. This landmark listing not only displays Flutter’s financial position but also reflects their dedication and vision, speaking volumes about their trajectory in the ever- evolving world of business.
About Flutter Entertainment plc
Formerly known as Paddy Power Betfair plc, Flutter Entertainment plc is the world’s leading online sports betting and gaming operator with more than 14 million average monthly players worldwide. The company has its headquarters in the European Union (EU), Europe, Middle East, and Africa (EMEA). Flutter forayed into the Indian market after acquiring a majority stake in Junglee Games in 2021.
The company has a strong presence in the growing US online sports betting and iGaming. Last year, the company generated an impressive $4.59 billion in revenue from sports betting in the United States, primarily through FanDuel. By the end of the 2022 Fiscal year, FanDuel’s online sportsbook was operating in 18 states, with Flutter’s brands commanding a market share of 50% in sports betting and 21% in other iGaming areas. The company’s US-facing business continues to ride on a consistent growth, evident in the fourth quarter of the 2023 financial year, where Flutter’s US operations saw a 33% increase in average monthly players and a 53% surge in sportsbook sales, while gaming revenue skyrocketed by 49%. Looking five years back, the US contributed an impressive 10% to Flutter’s business. Notably, that figure has changed, now constituting almost 40% of its sales.
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