Flutter, the operator, responded to media reports on March 15 regarding a potential spinoff and share sale of FanDuel. It was reported by CNBC, citing sources, that Flutter is considering the separate trading of FanDuel on a US exchange, although this is not yet certain or immediate. Flutter has been exploring various options, including the possibility of initiating an IPO for FanDuel. Currently, Flutter owns 95% of FanDuel shares and is evaluating its organizational and capital structure. Fox Corporation, a media giant, holds a 2.5% stake in Flutter and may increase it by 18.5% in July.
Flutter Entertainment Announces Plans for FanDuel IPO in the US
Henri Welsh is a seasoned writer with a deep passion for the world of gambling and online gaming. With over a decade of experience in the industry, Henri has cultivated an extensive knowledge of casinos, sports betting, poker, and the rapidly evolving landscape of online gambling. His writing is marked by a keen analytical eye and a talent for breaking down complex topics into engaging, accessible content. Henri's articles provide readers with insightful strategies, industry trends, and in-depth reviews, helping both novices and seasoned players make informed decisions.
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