Flutter Entertainment announces completion of Boyd agreement to secure 100% ownership of FanDuel

Rhea-AI Summary

Flutter Entertainment (NYSE:FLUT) has successfully completed two strategic transactions with Boyd Gaming Corporation: the extension of their strategic partnership until 2038 and the acquisition of Boyd's 5% stake in FanDuel Group. The market access savings from this transaction will take effect from July 1, 2025.

This move consolidates Flutter's control over FanDuel, securing complete ownership of the sports betting and iGaming platform.

Positive

• Secured 100% ownership of FanDuel by acquiring remaining 5% stake
• Extended strategic partnership with Boyd Gaming until 2038
• Market access savings to be realized starting July 2025

Negative

• None.

News Market Reaction

-0.58%

1 alert

-0.58% News Effect

On the day this news was published, FLUT declined 0.58%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

DUBLIN and TORONTO, July 31, 2025 (GLOBE NEWSWIRE) -- Flutter Entertainment (“Flutter”) (NYSE:FLUT, LSE:FLTR), the leading online sports betting and iGaming operator, today announces that it has completed the extension of its long-term strategic partnership with Boyd Gaming Corporation to 2038 and the buyout of Boyd's 5% stake in FanDuel Group. As previously announced the market access savings secured as part of the transaction will be effective July 1, 2025.

About Flutter Entertainment plc
Flutter is the world’s leading online sports betting and iGaming operator, a market leading position in the US and across the world. Our ambition is to leverage our size and our challenger mindset to change our industry for the better. By Changing the Game, we believe we can deliver long-term growth while promoting a positive, sustainable future for all our stakeholders. We are well-placed to do so through the distinctive, global advantages of the Flutter Edge, which gives our brands access to group-wide benefits, as well as our clear vision for sustainability through our Positive Impact Plan.

Flutter operates a diverse portfolio of leading online sports betting and iGaming brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, Snai, tombola, Betfair, MaxBet, Junglee Games, Adjarabet and Betnacional.

To learn more about Flutter, please visit our website at www.flutter.com.

Investor Relations:	Media Relations:
Paul Tymms, Investor Relations	Kate Delahunty, Corporate Communications
Ciara O'Mullane, Investor Relations	Lindsay Dunford, Corporate Communications
Chris Hancox, Investor Relations	Rob Allen, Corporate Communications
Email: investor.relations@flutter.com	Email: corporatecomms@flutter.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

FAQ

What ownership percentage does Flutter Entertainment now have in FanDuel after buying Boyd's stake?

Flutter Entertainment now owns 100% of FanDuel after acquiring Boyd Gaming's 5% stake in the company.

How long is Flutter's extended partnership agreement with Boyd Gaming?

Flutter has extended its strategic partnership with Boyd Gaming until 2038.

When will the market access savings from Flutter's Boyd Gaming deal become effective?

The market access savings from the transaction will become effective on July 1, 2025.

What is the significance of Flutter Entertainment's buyout of Boyd's FanDuel stake?

The buyout gives Flutter Entertainment complete ownership and control of FanDuel Group, while maintaining a strategic partnership with Boyd Gaming for market access.