Flutter Entertainment moved its primary listing to the New York Stock Exchange on Friday morning, completing a transition the company telegraphed during its first-quarter earnings call earlier this month.
Flutter, the parent company of FanDuel Sportsbook, indicated on the call that the U.S. is the natural home for the listing, underscoring the importance of the U.S. sports betting and iGaming market to its overall business.
FanDuel maintained the top position in the U.S. online sports betting market over the first quarter, commanding a market share of 52% in terms of net gaming revenue. Flutter made its debut on the NYSE in January after moving its secondary listing from Euronext Dublin to the New York exchange.
“Today marks an important milestone in the evolution of Flutter with the commencement of our primary listing on the New York Stock Exchange,” Flutter CEO Peter Jackson said in a statement. “This closely follows the recent move of our operational headquarters to New York. We have a fantastic position in the U.S., with FanDuel the clear number one operator, and we look forward to this next step on our journey.”