Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) has confirmed it will delist from the London Stock Exchange, consolidating its entire trading presence on the New York Stock Exchange.
The gambling giant, which owns FanDuel, Paddy Power, and Betfair, announced that its final day of trading on the London market will be 31 July.
The decision comes little more than two years after Flutter moved its primary listing across the Atlantic, marking a swift and definitive break from the UK market.
Following a review launched last month, Flutter concluded that retaining its London listing was no longer in the best interests of the company or its shareholders.
Directors reviewed trading activity in its shares, as well as the costs and regulatory requirements associated with maintaining a dual listing on both exchanges.
The company’s ordinary shares will continue to trade on the New York Stock Exchange under the ticker FLUT following the delisting from London.
The review was triggered after a difficult first quarter, which saw revenue rise 17% but net income fall 38%, as acquisition-related costs and investment in its new US prediction markets business weighed heavily on earnings.
Flutter has been working to compete with prediction markets platforms such as Polymarket and Kalshi, investing significantly in building out that segment of its US operations.
The company also cut its full-year guidance, citing unfavourable sports results and the costs of launching operations in a new state, adding further pressure on investor sentiment.
Chief executive Peter Jackson said at the time that the company remained well positioned to benefit from long-term growth opportunities, particularly in the US market, where FanDuel remains one of the leading online sports betting platforms.
Concerns remain around recent trends in the US business, with total US stake growth down 9% in the quarter, a figure the company described as “primarily… non-structural,” pointing to recycling effects and timing of promotions.
However, some investors and analysts believe the slowdown may reflect customers shifting toward prediction markets rather than traditional sports betting platforms.
Some analysts believe forecasts for the group’s US business remain too optimistic despite recent downgrades, suggesting further pressure on the stock could follow if performance does not improve.
