Gambling

Paddy Power-owner Flutter seeks shareholder approval for US listing

The gambling giant expects the total addressable gambling market in the US to be worth $40 billion by 2030

Flutter expects the US gambling market to be worth $40 billion by 2030. Pic: Fergal Phillips.

The board of Flutter is recommending to the company’s shareholders that it list publicly in the US in a move that could fuel its growth in the market.

The move is influenced by its FanDuel business being the largest single contributor to the company in terms of revenue, with it expected to hit profitability by year end.

FanDuel currently has annual revenues of $3 billion (€2.8 billion) and the business expects the total addressable gambling ...