FLUT Stock Recent News

Flutter (FLUT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Boyd Gaming Corporation's sale of its FanDuel stake improves its balance sheet but sacrifices significant future online gaming growth potential. The company faces stagnating revenue and declining profit margins, with macroeconomic headwinds and weakening consumer demand impacting brick-and-mortar casinos. Despite strong management and past returns, Boyd now lags peers in margin trends and risks becoming a value trap as fundamentals deteriorate.

Flutter Entertainment PLC's (LSE:FLTR) acquisition of the final 5% it did not already own in FanDuel for US$1.8 billion does not undermine the bookmaker's valuation, according to analysts at Peel Hunt.   The Betfair and Paddypower owner has secured full ownership of its US business by acquiring the stake from Boyd Gaming at a price that implies a valuation for FanDuel of US$31 billion.

Flutter Entertainment PLC (LSE:FLTR) has struck a deal to buy Boyd Gaming's remaining 5% stake in FanDuel for about $1.76 billion, giving it complete ownership of the US sports betting giant. The agreement values FanDuel at around $31 billion.

Boyd Gaming said on Thursday it will sell its 5% equity interest in FanDuel Group to Flutter Entertainment for about $1.76 billion.

NEW YORK, July 10, 2025 (GLOBE NEWSWIRE) -- Flutter Entertainment (NYSE: FLUT; LSE: FLTR) (“Flutter”) the world's leading online sports betting and iGaming operator today announces the extension of its long-term strategic partnership with Boyd Gaming Corporation (“Boyd”) to 2038 and the buyout of Boyd's 5% stake in FanDuel Group (“FanDuel”), together “the Agreement”.

All-Cash Transaction Unlocks Significant, Unrealized Value for Boyd Shareholders Boyd, FanDuel Extend Market-Access Agreements through 2038 LAS VEGAS , July 10, 2025 /PRNewswire/ -- Boyd Gaming Corporation (NYSE: BYD) ("the Company" or "Boyd") today announced it has entered into a definitive agreement to sell the Company's 5% equity interest in FanDuel Group ("FanDuel") to Flutter Entertainment plc (NYSE: FLUT) ("Flutter") for cash consideration of $1.755 billion. The transaction is expected to close in the third quarter of 2025, subject to regulatory approvals.

A tweak to US tax law may not grab headlines like a blockbuster merger, but for UK-listed gambling stocks, it could have consequences. A proposal buried in Donald Trump's so-called “big, beautiful bill” could dent future growth in the US betting market, and that's something investors in Flutter Entertainment PLC (LSE:FLTR) and Entain PLC (LSE:ENT) may want to watch.

FanDuel appoints new Senior Vice President of Public Affairs and new Head of Federal Affairswho together have decades of government policy experience NEW YORK , July 7, 2025 /PRNewswire/ -- Today, FanDuel Group, the premier online gaming company in North America, announced that Shailagh Murray has been appointed Senior Vice President of Public Affairs and Jonathan Nabavi has been appointed Vice President of Federal Affairs. Murray and Nabavi will bring their extensive experience to FanDuel as the company leads the development of a regulated gaming industry that protects customers and delivers meaningful tax revenue to states.

Flutter and DraftKings dominate the US sports betting and iGaming markets, holding a combined 66.1% market share and benefiting from economies of scale. The US sports betting market is still far from maturity, with legislative momentum and tax incentives driving further legalization and expansion opportunities. Both companies are well-positioned for growth: DraftKings offers higher upside as it nears profitability, while Flutter boasts a stable international base and superior hold rates.