Flutter Entertainment has just made a promising announcement, informing its investors of the consideration for a U.S. listing as a publicly traded company, following the footsteps of London and Dublin. After a positive year for the companies rapid growing FanDuel brand, the popular sports betting operator looks to become a key revenue driver for Flutter.
Flutters’ Board explained that a U.S. listing would benefit in these ways:
- Expand their profile in the U.S.
- Recruitment and staying power for U.S. talent
- Access to U.S. investors and greater capital markets
- Increase the overall liquidity of Flutter shares
- The ability to acquire a U.S. listing
Quoted on CNBC – Jeffrey Kamys, Chief Investment Strategist for the iBet ETF spoke about decline hurting a lot of gaming companies but predicted at a FanDuel Flutter U.S. listing becoming the “Apple of our industry.” going on to add, “It would be our top holding if they went public.”