US EditionFlutter Takes 100 Ownership of US Firm FanDuel After £1.3bn Deal
UNITED STATES, JUL 10 – Flutter Entertainment secures full ownership of FanDuel with a $1.755 billion deal, targeting $65 million in annual savings from revised market access agreements starting July 2025.
- Flutter Entertainment announced that it is acquiring the remaining 5% stake in FanDuel from Boyd Gaming for $1.76 billion to achieve full ownership in 2025.
- This action follows Flutter’s initial stake in FanDuel in 2018 and is contingent upon standard closing requirements, including regulatory approvals, with the transaction anticipated to be finalized within this quarter.
- The agreement extends the strategic collaboration with Boyd Gaming until 2038 and is projected to deliver cost reductions near $65 million per year starting July 1, 2025.
- Peter Jackson, Flutter's CEO, called the 2018 FanDuel acquisition transformational and highlighted FanDuel's 43% sports betting market share and leading US position in online betting and iGaming.
- By consolidating full ownership, Flutter aims to drive future shareholder value and improve operational efficiency amid expanding US sports betting markets and regulatory challenges.
12 Articles
12 Articles
timesandstar.co.uk
Flutter takes 100 ownership of US firm FanDuel after £1.3bn deal
The London listed gambling giant said it has purchased the remaining 5 of FanDuel it did not own from Boyd.
Flutter to Become Sole Owner of FanDuel After $1.755 Billion Deal
The post Flutter to Become the Only Owner of FanDuel appeared first on SportsHandle. Flutter Entertainment, the global iGaming and sports betting giant, is set to secure 100% ownership of FanDuel after reaching a new agreement with Boyd Gaming Corporation. Previously holding 95% of FanDuel, Flutter announced it will acquire the remaining 5% stake from Boyd for approximately $1.755 billion. The deal also includes revisions to existing commercial …
Flutter market cap hits $51bn after latest FanDuel acquisition
Sportsbook operator FanDuel is set for a $31bn valuation after Flutter Entertainment struck an agreement to take complete control. The Irish-American gambling firm reached terms with Boyd Gaming to acquire the five per cent of FanDuel it does not already own. The deal will see the final five per cent be transferred to Flutter Entertainment for $1.55bn, valuing the sportsbook operator at $31bn. Flutter now has a market cap of $51bn (£37bn), rough…
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