Paddy Power owner Flutter eyes US stock market listing

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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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

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.
Source: businessposthq - 🏆 8. / 71 Read more »