Flutter Entertainment (FLUT) has decided to delist its shares from the London Stock Exchange, making the New York Stock Exchange its sole primary trading venue going forward.
The online betting giant, which owns FanDuel, Paddy Power, Betfair, and Sky Bet, announced on Friday that it has initiated the regulatory approval process for the delisting.
The move is expected to take effect on August 3, following the completion of that regulatory process.
Flutter first moved its primary listing to New York in May 2024, after relocating its operational headquarters to the city.
At the time, Chief Executive Peter Jackson described the move as “an important milestone in the evolution of Flutter,” reflecting “the increasing importance of the US sports betting and iGaming market to our business.”
Jackson added at the time that “we have a fantastic position in the US, with FanDuel the clear number one operator, and we look forward to this next step on our journey.”
The company had initiated a formal review of its London listing in May of this year, signalling that a full exit from the LSE was under serious consideration.
According to the latest disclosure, the delisting decision was driven by several factors, including trading volumes in its UK-listed shares and the additional costs associated with maintaining a dual listing.
Flutter “concluded that it is in the best interests of the company and its shareholders to proceed with the LSE delisting,” the company stated in its announcement.
Shares in Flutter were slightly lower during early Friday trading in London as investors digested the news of the exchange exit.
The decision marks a significant symbolic shift for a company that was once considered a cornerstone of the London financial markets, particularly given the scale of its UK-facing gambling brands.
Flutter’s consolidation onto a single US exchange reflects broader trends among internationally operating companies that have increasingly gravitated toward American capital markets for deeper liquidity and higher valuations.
With FanDuel holding a dominant position in the rapidly growing US sports betting market, Flutter’s strategic focus has firmly shifted westward in recent years.
