Flutter Considering Spinoff and IPO of U.S. Betting Unit FanDuel
Monday 15 de March 2021 / 10:44
2 minutos de lectura
(United States).- Flutter Entertainment Plc said it is looking at options for its U.S. sports betting business FanDuel Inc., including an IPO, the U.K.-based mobile gaming company said in a statement.
It is considering a listing in the U.S. of a “small shareholding” in FanDuel, but has yet to make a final decision, Flutter said. CNBC reported Friday that the company was under pressure to examine a spinoff and share sale of the unit from some investors, who have expressed frustration that Flutter is trading at a discount to DraftKings Inc. despite FanDuel’s status as the largest competitor in the U.S.
“Flutter regularly evaluates its organizational and capital structure to assess how best to position itself to deliver upon the group’s strategy,” the company said in the statement. “Should a decision be made to proceed with a listing in due course, an announcement will be made as appropriate.”
Fox Sports owns 2.5% of Flutter and has an option to buy an additional 18.5% in FanDuel in July. Clearing up Fox Sport’s ownership could delay a spinoff of the company, CNBC reported, citing people familiar with the matter.
Categoría:Sportsbook
Tags: Sin tags
País: United States
Event
SBC Summit Americas 2025
13 de May 2025
Redefining Innovation: Soft2Bet’s Market-Ready Tech and Experiential Advancements at SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- In this Q&A, Slobodan Georgijevski, Soft2Bet Senior Sales Manager, highlighted innovation and presence of the firm at recent SBC Summit Americas, and shared a broader industry insight and evolution over the years.
Friday 06 Jun 2025 / 12:00
Belatra Games Unveils 'Cyber Gypsies' and AI-Driven Innovations at SBC Summit Americas 2025
(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas 2025, Belatra Games took center stage with groundbreaking innovations, introducing its newest slot experience, Cyber Gypsies. Alongside this thrilling launch, it reinforced its commitment to AI, gamification, and player protection, setting a new standard for engaging and responsible gaming. But what makes these innovations stand out, and how is Belatra redefining industry trends? Let’s dive in.
Thursday 05 Jun 2025 / 12:00
Blokotech at SBC Summit Americas: Cutting-Edge Launches and New Features
(Fort Lauderdale, SoloAzar Exclusive).- In an exclusive interview with SoloAzar, Alberto Alfieri, Blokotech Co-Founder & Executive Chairman, discussed the innovations the company presented at SBC Summit Americas 2025 and how they address the industry's evolving needs, among other topics.
Monday 02 Jun 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.