Flutter operates various gambling brands globally, including Paddy Power and Betfair in Europe, and PokerStars and Sportsbet in Australia. The company's US listing is expected to not only enhance its media exposure but also draw attention to US sports-betting and online-gambling stocks, possibly altering investor perception of the sector.
Flutter's US listing could trigger changes in the overall investment community, potentially affecting the trading volumes of sports-betting stocks. The company's recent revenue growth and profitability are expected to further bolster its standing in the US market.
Flutter, an Irish gambling company that owns FanDuel, began trading its shares on the New York Stock Exchange to attract more investors and gain media attention. CEO Peter Jackson hopes that the move to list in the US and shift its primary listing to New York from London will change people's views of the business. Jackson believes that Flutter's US listing will lead to a greater media splash and more investor interest in the company. The company operates various gambling brands globally, and the US listing is anticipated to draw attention to sports-betting and online-gambling stocks. The move is expected to have an impact on the overall investment community and increase the trading volumes of sports-betting stocks. Flutter's recent revenue growth and profitability are projected to bolster its standing in the US market.
7 Comments
Bella Ciao
I fear that Flutter's US listing will lead to an increase in gambling problems and addiction within the country.
Comandante
This is a disappointing and concerning development. Flutter's move to the US is not something to be celebrated.
Habibi
I can't believe anyone would invest in a company that profits from people losing their hard-earned money through gambling.
Muchacho
This is terrible news. Gambling is already a huge problem in society, and now this company is trying to make it even more accessible and acceptable.
Coccinella
There are so many other industries that could use investment and attention, yet Flutter chooses to promote and profit off of gambling.
Kyle Broflovski
Gambling is a harmful activity that can ruin lives, and Flutter's US listing is only going to make it more prevalent.
Eric Cartman
This is a dangerous move that will only lead to more people getting caught up in the destructive cycle of gambling addiction.