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Flutter Entertainment PLC ( (FLUT) ) has provided an update.
Flutter Entertainment plc has announced the launch of the fourth tranche of its share repurchase program, aiming to buy back ordinary shares worth up to $245 million on the New York Stock Exchange. This initiative is part of a larger $5 billion multi-year program intended to reduce the company’s share capital, with approximately $1 billion expected to be returned to shareholders in 2025. The buyback will be conducted by Davy Securities UC, adhering to regulatory guidelines, and reflects Flutter’s ongoing assessment of its capital needs and market conditions.
More about Flutter Entertainment PLC
Flutter Entertainment plc is the world’s leading online sports betting and iGaming operator, with significant market presence globally, including the US. The company operates a diverse portfolio of brands such as FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, and Paddy Power. Flutter aims to leverage its scale and innovative mindset to drive industry change and promote sustainable growth through its Positive Impact Plan.
For an in-depth examination of FLUT stock, go to TipRanks’ Overview page.