FanDuel parent Flutter considers listing on U.S. exchange after record Super Bowl
Publishing timestamp: 2023-02-14 12:23:51
Summary
Flutter Entertainment, the parent company of FanDuel, is considering listing on a U.S. stock exchange. This comes after a record Super Bowl for betting, with FanDuel accepting 50,000 bets per second at its peak. Flutter expects a lot of growth in the U.S. market, with the total addressable market estimated to be more than $40 billion by 2030. If the company moves forward with the listing, it would need 75% shareholder support in a vote.
Sentiment: POSITIVE
Keywords: sports, business news, media, markets, ibet sports betting & gaming etf, flutter entertainment plc, united states, draftkings inc, peter jackson, gambling, business,
Source: https://www.cnbc.com/2023/02/14/fanduel-parent-flutter-us-stock-listing.html