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Flutter commences trading on the NYSE. Proposed transition of primary listing to US.

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Flutter is pleased to announce the listing of the Company’s ordinary shares on the New York Stock Exchange (“NYSE”).

Flutter also confirms that the cancellation of the secondary listing of the Company’s ordinary shares on Euronext Dublin took effect at 08.00 GMT yesterday. Flutter retains its premium listing on the London Stock Exchange (“LSE”) and its ordinary shares continue to trade on the Main Market of the LSE (ISIN: IE00BWT6H894).

Flutter’s shares will trade on the NYSE under the ticker symbol: “FLUT” (CUSIP No.: G3643J 108) and will trade on the LSE under its existing ticker symbol:  “FLTR”.

Proposal to move primary listing to the NYSE

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As outlined in February 2023, the Board believes listing on the NYSE will unlock long-term strategic and capital market benefits by:

  • Enhancing the Group’s profile in the US
  • Better enabling the recruitment and retention of US talent
  • Giving the Group access to much deeper capital markets, and to new US domestic investors
  • Providing greater overall liquidity in Flutter shares
  • Giving optionality to pursue a primary listing in the US – one of the criteria for access to important US indices.

Since February 2023, management has engaged widely with US investors, existing and potential, along with existing shareholders globally. The feedback received has been very supportive of moving Flutter’s primary listing to the US.

As a result, the Board believes that the NYSE is now the optimal location for Flutter’s primary listing of its shares, and that the transition should be made as soon as practicable. This proposal will be put to shareholders as a Special Resolution at the 2024 AGM on 1 May 2024. Subject to shareholder approval, the transition is expected to become effective in late Q2/early Q3.

Following transition, the Board intends to retain Flutter’s UK listing as a secondary listing and believes this will ensure the greatest number of investors will be able to continue to hold Flutter shares and benefit from future value creation. Further details will be communicated in due course ahead of the AGM.

Peter Jackson, Chief Executive, commented:

“With our NYSE listing effective today, this is a pivotal moment for the Group as we make Flutter more accessible to US based investors and gain access to deeper capital markets. We believe a US primary listing is the natural home for Flutter given Fanduel’s #1 position in the US, a market which we expect to contribute the largest proportion of profits in the near future.

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FanDuel

Rob Gronkowski Returns for FanDuel’s 2024 Super Bowl “Kick of Destiny 2” Campaign

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Flutter’s FanDuel – the number one online sportsbook in North America and Official Sports Betting Partner of the National Football League (NFL) – has announced that four-time Super Bowl Champion, Rob Gronkowski, is heading to Super Bowl LVIII for the sequel to last year’s “Kick of Destiny”.

FanDuel’s “Kick of Destiny 2” will see Gronkowski make his way to Las Vegas where he will attempt to successfully make a field goal in a live ad spot just before kick-off to the Super Bowl. FanDuel customers will be offered the opportunity to make a free pick on whether they think he will Make or Miss the kick through the FanDuel Sportsbook app, with eligible customers who pick correctly winning an equal share of $10,000,000 in bonus bets.

The launch of the integrated “Kick of Destiny 2” campaign just ahead of Flutter’s planned additional listing on the New York Stock Exchange this year, and will culminate in the biggest event for US sports betting in the form of the Super Bowl on 11th February. In 2023, Super Bowl LVII was the single biggest staking event across Flutter, with FanDuel customers staking $215 million on an epic final that saw the Kansas City Chiefs edge out the Philadelphia Eagles by 38-35.

Gronkowski said: “When I missed the Kick of Destiny during last year’s Super Bowl, it was devastating. I told the team at FanDuel I knew I could do better and needed a shot at redemption this year. I’m going to show America I can make that kick, even with all the pressure of doing it live in front of the entire country.”

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“Last year’s Kick of Destiny campaign saw tremendous engagement from our customers as they were captivated with what would happen during our live Super Bowl commercial. With the introduction of the Make or Miss free pick function and Rob’s desire for redemption, this year will be even more exciting for FanDuel customers. Rob is an authentic embodiment of the FanDuel fan – passionate, entertaining, and trailblazing – and we’re ready to make history again,” said FanDuel Executive Vice President of Marketing, Andrew Sneyd.

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bet365

LeoVegas Group Joins the Brazilian Institute of Responsible Gaming, IBJR

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LeoVegas Group has joined O Instituto Brasileiro do Jogo Responsável (the Brazilian Institute of Responsible Gaming, IBJR), bolstering its commitment to fostering responsible gaming and facilitating constructive discussions on the regulation of the iGaming industry.

Joining the ranks of other major igaming operators such as Bet365, Flutter, Entain, and Betsson Group, LeoVegas Group will contribute its expertise and experiences to the public debate on igaming regulation in Brazil. The Group’s objective is to support the creation of a sustainable Brazilian igaming market.

The IBJR, an association born from the collective efforts of leading gaming operators, strives to advocate for transparent rules and guidelines for igaming companies. Its goal is to ensure these companies can operate legally, safeguarding the interests of both players and the wider society.

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888

FanDuel Group Appoints Asaf Noifeld as Managing Director of Casino

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FanDuel Group has announced that it has appointed Asaf Noifeld as Managing Director, Casino. In the newly created role, Noifeld will be responsible for oversight of FanDuel Group’s online casino business.

“Asaf brings deep experience building online casino businesses across the globe. I am delighted to add him to our leadership team, as he has extensive knowledge in the space which will help grow our online casino business in North America,” Amy Howe, President and CEO of FanDuel Group, said.

Noifeld joins FanDuel Group from fellow Flutter (LON: FLTR) subsidiary PokerStars, where he served as Managing Director of PokerStars Casino, one of the world’s largest online casino brands. He worked at PokerStars for eight years building the company’s online casino business from scratch and spearheading initiatives to expand the marketing and product functions of the online casino business. Prior to joining PokerStars, he worked at 888 Casino in a variety of roles.

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