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News

FanDuel, Flutter and Boyd

InsideBitcoins · 4h
Flutter Entertainment Completes Strategic Acquisition of FanDuel’s Remaining Stake in Record-Breaking Deal
The US online sports betting market has evolved into a clear duopoly, with FanDuel and DraftKings controlling approximately 67% of the total market share. FanDuel holds 43% of sports betting gross gaming revenue and 27% of iGaming revenue, while DraftKings commands approximately 25% of the sports betting market.
Reuters on MSN · 1d
Flutter to buy Boyd Gaming's 5% FanDuel stake in $1.76 billion deal
Flutter Entertainment will buy Boyd Gaming's 5% stake in FanDuel in a deal worth about $1.76 billion, giving it complete ownership of the online betting operator, the companies said on Thursday. The deal gives FanDuel an implied valuation of about $31 billion,
NJ.com · 1d
FanDuel valued at $31 billion following Flutter Entertainment/Boyd Gaming buyout
Flutter Entertainment announced it will pay $1.755 billion to Boyd Gaming for sole ownership of FanDuel. Here's what that means.
Benzinga.com1d
Boyd Gaming Sells FanDuel Stake, Secures Long-Term Market Access Fees
Boyd will use the $1.76B proceeds from the FanDuel sale to reduce its $3.5B debt. Flutter expects $65M in annual savings ...
Independent.ie on MSN1d
Value of Flutter’s US FanDuel unit soars to $31bn
Flutter’s FanDuel unit in the US has been valued at $31bn (€27bn) after it agreed to buy the remaining 5pc of the business ...

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