Global gaming giant Flutter Entertainment (OTC: PDYPY) is considering listing its shares in New York as the company’s US business thrives.
Dublin-based Flutter owns 95% of FanDuel, the largest online sportsbook in the US. In a statement issued by its investor relations department on Tuesday, Flutter highlighted the increasing importance of FanDuel and the potential benefits of listing in the US.
This trend is expected to continue, with FanDuel becoming the Group’s largest business by revenue and an ever-greater proportion of its overall value,” according to the statement. “In this context, the Board has reached a preliminary view that an additional US listing of Flutter’s ordinary shares will yield a number of long-term strategic and capital market benefits.”
Dublin-based Flutter owns 95% of FanDuel, the largest online sportsbook in the US. In a statement issued by its investor relations department on Tuesday, Flutter highlighted the increasing importance of FanDuel and the potential benefits of listing in the US.
This trend is expected to continue, with FanDuel becoming the Group’s largest business by revenue and an ever-greater proportion of its overall value,” according to the statement. “In this context, the Board has reached a preliminary view that an additional US listing of Flutter’s ordinary shares will yield a number of long-term strategic and capital market benefits.”
