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The latest update is out from Flutter Entertainment PLC ( (FLUT) ).
Flutter Entertainment has announced a strategic agreement with Boyd Gaming Corporation to acquire Boyd’s 5% stake in FanDuel, securing 100% ownership of the leading US sports betting and iGaming platform. This move, valued at approximately $1.755 billion, is expected to enhance Flutter’s market position and generate annual savings of $65 million through reduced market access costs. The deal, which extends the partnership with Boyd to 2038, will be financed through additional debt, with completion anticipated in Q3 2025. This acquisition underscores Flutter’s commitment to long-term profitability and market leadership in the US.
More about Flutter Entertainment PLC
Flutter Entertainment PLC is the world’s leading online sports betting and iGaming operator, with a strong market presence in the US and globally. The company operates a diverse portfolio of brands, including FanDuel, Sky Betting & Gaming, and PokerStars, among others. Flutter aims to leverage its size and innovative mindset to drive industry change and promote sustainable growth.
See more data about FLUT stock on TipRanks’ Stock Analysis page.