Flutter expects to move its primary listing to the U.S. effectively by May 31 after shareholders approved the transition earlier this month, the company announced Tuesday.
The transition is reflective of the importance of the company's sports betting and iGaming business in the U.S., Flutter CEO Peter Jackson said Tuesday during its first-quarter earnings' conference call. Flutter, the parent company of FanDuel Sportsbook, disclosed that FanDuel maintained the top spot in the nation's online sports betting market over the first three months of 2024.
“We have had an excellent start to the year,” said Jackson in a statement. “In the U.S., FanDuel's top line momentum is translating into strong growth in US Adjusted EBITDA and market share gains. We are focused on continuing to expand our player base, market share, and embedding future profits within our business through disciplined investment.”
New York primary listing
In January, Flutter moved its secondary listing to the New York Stock Exchange and punctuated the transition in a bell-ringing ceremony at the famous exchange. Jackson traveled across the Atlantic for the ceremony, where he was joined by FanDuel CEO Amy Howe and Rob Gronkowski, a brand ambassador for the company.