Flutter Entertainment, the owner of betting brands Paddy Power, Betfair, and SkyBet, is dropping its London stock market listing in a significant move for the capital’s financial markets.
The gambling giant, currently valued at almost £15 billion, will now concentrate entirely on the New York Stock Exchange as it pushes ahead with rapid expansion across the United States.
Flutter had already moved its primary listing from London to the New York Stock Exchange back in 2024, but had retained a secondary presence on the London market until now.
The company told shareholders in May that it would launch a formal review into whether to maintain its London Stock Exchange listing going forward.
On Friday, Flutter linked the decision directly to the level of trading activity in London, citing low volumes as a key factor in the move.
The company also pointed to the “additional cost” associated with maintaining the secondary listing as a contributing reason for the decision.
Flutter further flagged the “regulatory and administrative obligations” tied to remaining on the London market as part of its reasoning.
The firm ultimately “concluded that it is in the best interests of the company and its shareholders to proceed with the LSE delisting,” according to its official statement.
Flutter’s shares will be officially delisted from the London Stock Exchange on 3 August, drawing a firm line under the company’s presence in the capital’s markets.
The decision is part of a broader trend of companies departing the London market in favour of deeper liquidity and greater investor access in the United States.
Fintech firm Wise and equipment rental company Ashtead have both moved their primary listings to the US, signalling growing concern about the competitiveness of London’s financial markets.
Wise announced plans last June to switch its primary listing from the London Stock Exchange to the Nasdaq composite by creating a new holding company, aiming to tap into a wider pool of investors and banking customers.
Wise, which launched in 2011 under its original name TransferWise, said it plans to keep a secondary listing in London and will continue hiring and investing in the UK despite the move.
The string of high-profile departures raises fresh questions about London’s ability to retain major international companies as American markets continue to attract global capital at pace.
