Flutter Entertainment: US investment bank still a fan of FanDuel owner
Jefferies has reiterated a 'buy' rating on Flutter Entertainment PLC (LSE:FLTR), setting a price target of 22,000p. Despite increased gaming taxes in Illinois potentially impacting earnings, the American investment bank is optimistic about the gaming group's prospects, especially its strong US market presence through FanDuel.
Flutter has lots of appeal despite shift to US, says Berenberg
Flutter Entertainment PLC's (LSE:FLTR) recent share price dip is unjustified, according to analysts at investment bank Berenberg. After hitting a peak of £175 earlier in the year, the price is now £148.40, though the shares are now traded in the US primarily as today completed its move from London to the New York stock exchange.
FanDuel owner Flutter officially shifts listing to US, new finance chief in tow
Paddy Power owner Flutter Entertainment PLC (LSE:FLTR) has officially switched its primary listing from the London Stock Exchange to the New York Stock Exchange, effective today. It marks an “important milestone in the evolution of Flutter”, said chief executive Peter Jackson.
Flutter shareholders dealt a blow following Illinois sports betting bill
Flutter Entertainment PLC (LSE:FLTR) shareholders were dealt offsuits on Monday when the betting big cap's shares were sent 5% lower in opening exchanges. The Paddy Power and FanDuel owner, which is in the process of switching its primary listing stateside, is responding to a bill passed in the Illinois Senate to impose a 40% maximum tax on betting revenue.
Flutter sales dented by March Madness, says broker
Sky Bet owner Flutter Entertainment PLC (LSE:FLTR) has undergone a mixed week following the release of its first-quarter results on Tuesday. Shares initially tumbled 3% after it reported net losses widening to $177 million from $111 million and a 16% revenue lift.
