Flutter to reach formal resolution on further US listing

March 27, 2023
Leer en Español

The operator will consider an additional listing at its April AGM, with a view to achieving significant US market growth.

Flutter Entertainment announced a shareholders’ meeting on February 14 2023, where the operator would vote on whether an additional US listing of the Group's ordinary shares will be added to the New York Stock Exchange.

The Board and shareholders are now pleased to make a further announcement regarding an upcoming formal resolution. A proposal will be presented at the upcoming April 2023 Flutter AGM, after receiving support from shareholders representing a significant majority of Flutter's issued share capital.

Flutter’s posted 2022 Preliminary Results cited “exceptional US performance” with an outlook stating the company experienced “continued strong growth across existing states and from the very successful launches in Maryland and Ohio.”

Peter Jackson, CEO of Flutter, commented in those results, posted March 2, “We recently announced that we believe an additional US listing of Flutter's ordinary shares will yield a number of long-term strategic and capital market benefits. We have begun an extensive consultation with our shareholders and early feedback has been supportive.”

Flutter also signed a deal earlier this month to extend a multi-year partnership with PA Betting Services until 2028. Though Flutter has previously been known as the owner of UK brands, such as Betfair and Paddy Power, Flutter’s US arm, FanDuel, added 1.2 million customers in the first two months of this year.

The resolution includes a number of changes to Flutter's articles of association needed to facilitate the additional US listing. The resolution requires a 75% approval vote from Flutter shareholders, cast either in person or by proxy. If the resolution is approved by shareholders at the Flutter AGM, the company will aim to implement the additional US listing during Q4 2023.


Product Spotlight


CasinoTrac is reducing handpay downtime by nearly 90% with SlotSUITE's Self-Pay & W-2 G printing at the slot machine.

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

Christian Smith - Slot machines a "beautiful intersection of psychology and mathematics"

Bluberi's Christian Smith speaks to Gaming America in an enlightening Huddle. Topics include: the 'Australification' of US gambling, the blending of psychology and mathematics, and the rising trend of three-pot fillers.

As the Tribal gaming sector congregates once more in the Golden State, is it too cliché of me to suggest we are heading for a golden era of Tribal gaming? With the industry set to meet at the Indian Gaming Association t...

From The Top: Will youth be served by Sports Betting?
Two recent interviews in our Huddle podcast revealed to Las Vegas correspondent Brian Joseph just how young sports betting entrepreneurs are becoming.
The Global Gaming Awards: Rewarding Excellence
The 10th edition of the Global Gaming Awards took place in Las Vegas last year. Gaming America looks back... and ahead to this year's.
Preview: Indian Gaming Tradeshow & Convention
Gaming America looks ahead to the 2024 Indian Gaming Tradeshow & Convention and what attendees can expect when they arrive at the Anaheim Convention Centre.
888 and the US Market: A cautionary tale
Gaming America explores the risk of resting on your laurels and the challenge of remaining relevant in a rapidly expanding market.