News Formal

Paddy Power owner Flutter eyes US stock market listing

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 98%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Betting giant consulting shareholders before proposing Wall Street move

The US business’s importance to the group is growing as individual states continue to legalise online sports betting.Listen |Flutter’s results are likely to show that Fanduel generated between $2.9 billion and $3.2 billion revenues last year.

Fanduel has a 42 per cent share of the US market and has taken the number one slot in all of the individual states where it has begun trading. Depending on feedback, the group could hold an extraordinary general meeting to vote on the US listing proposal, alongside its regular annual shareholders’ meeting in May.

In a statement, Paddy Power’s owner said the board’s preliminary view was that the move would yield a number of long-term strategic and capital market benefits.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Paddy Power owner Flutter eyes stock market listing in USGroup said it would consult shareholders before putting forward formal proposals
Källa: IrishTimes - 🏆 3. / 98 Läs mer »

Comment: Time for finance firms to stop discrimination against cancer survivorsMany cancer survivors face financial discrimination in access to mortgages, loans and insurance, despite being free of the illness for years.
Källa: businessposthq - 🏆 8. / 71 Läs mer »