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 – FLUT
In the trading session that priced this news, FLUT declined 0.58%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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 |
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