International sports betting and gambling company Flutter entertainment has stepped up its efforts to secure further growth in the United States.
“Flutter’s premium listing on the London Stock Exchange and inclusion in the FTSE 100 index will not be affected by the addition of this US listing,” the company said in a stock market announcement.
“Flutter’s shares will continue to trade on the LSE under its existing ticker symbol ‘FLTR’. From the point of the US listing, Flutter will also trade on the NYSE under the ticker symbol: ‘FLUT’.”
Irish Gaming Giant Accelerates US Growth Plans
Flutter’s switch to the NYSE is a key step in the company’s bid to further develop its footprint in the burgeoning United States gambling market.
The firm’s acquisition of FanDuel in May 2018 was the catalyst for Flutter to establish itself in the US, with the brand becoming one of the leading names in the gambling sector.
Flutter’s US revenues for the third quarter in 2023 were €115m higher than those generated by their United Kingdom and Ireland businesses, highlighting how quickly things have progressed.
The US arm of the company accounted for almost a third of all revenue in Q3, with overall group revenue increasing to a whopping €2.35 billion.
The company stated in a stock market announcement that the addition of this US listing will not impact Flutter’s premium listing on the London Stock Exchange and its inclusion in the FTSE 100 index.
Flutter’s shares will remain listed on the LSE with the same ticker symbol ‘FLTR’. Additionally, Flutter will be available for trading on the NYSE with the ticker symbol ‘FLUT’.
Irish Government Rejects Invasive Affordability Checks
The Irish government has confirmed it will not implement affordability checks for gambling customers, thereby taking a different approach from their UK counterparts.
James Browne, the Irish Minister for Gambling Regulation, says the checks are too invasive and run the risk of infringing the privacy of individuals.
The news was widely welcomed by the Irish gambling industry, which had previously raised concerns that affordability checks would be detrimental to operators.
They believe that players of online casinos at casino.com Ireland and other online platforms should be able to make their own decisions about the money they wish to deposit.
Affordability checks have reportedly had a detrimental impact on horse racing betting in the UK – a factor which has sparked Ireland into taking a different approach.
This includes the proposed introduction of a ban on gambling advertising on television and online from 5.30 am to 9.00 pm each day.
Galway Set for Economic Boost from Poker Festival
The city of Galway on Ireland’s west coast will receive a significant economic boost during the early part of 2024 when the Irish Poker Tour stages a major event.
Scheduled to take place at the Galmont Hotel from January 4-7, the Galway Poker Festival will attract hundreds of poker players and fans to the city.
All eyes will be on the Galway Poker Cup Main Event, with the €300,000 guaranteed prize pool making this one of the most lucrative tournaments ever staged in Ireland.
Irish poker legend Andy Black will be among a high-class field, with the €600 buy-in well within the scope of a player who has won millions during his career.
Bounty tournaments and female-only events add to the allure of the Galway Poker Festival, making it the perfect place to enjoy a few days in a beautiful part of Ireland.
There is also a €40,000 guaranteed prize pool for a one-day high-roller event on January 7, which is sure to feature plenty of talented poker players.
