Flutter Entertainment has announced it will delist from the London Stock Exchange (LSE), with its ordinary shares listed solely on the New York Stock Exchange (NYSE).
The LSE departure finalises the operator’s review of its listing, following an assessment of trading activity in its shares on the LSE, as well as the additional costs and regulatory and administrative obligations that would arise from retaining the LSE listing, among other factors.
Ultimately, Flutter concluded that it’s in the best interests of the company and its shareholders to proceed with the LSE delisting.
It marks the steady shift of Flutter from the UK to the US, in a move largely driven by the trajectory of the FanDuel brand, underpinning the company’s faith in the US, even as the market becomes increasingly challenging with the entrance of prediction markets in the sector.
Following the surprising departure of former Chief Executive Officer Amy Howe, FanDuel has undertaken a ‘revitalisation programme’, as it looks to ensure its sportsbook shifts towards profitability.
The operator has highlighted the importance of a refocused North America strategy as a key element to thwarting the surge of prediction market firms into the space. Flutter recently emphasised that lessons from FanDuel’s stronger iGaming performance will be incorporated into its sportsbook revitalisation programme.
It will be a blow to the LSE, with Flutter having been listed since Betfair’s IPO in 2010. The LSE has had to weather headwinds from the gambling industry in recent months, with Bally’s Intralot also agreeing to acquire evoke, likely leading to another betting heavyweight exit from the LSE.
It’s a challenge that isn’t isolated to the betting market, signifying wider economic challenges for the UK economy. With the dilution of London as a passport to Europe following Brexit continuing to wilt the allure of the capital for many key global firms.
The Paddy Power, Betfair and Sky Betting and Gaming operator expects the LSE delisting to be effective from 8am on 3 August 2026, as at least 20 business days of notice are required through the UK Financial Conduct Authority (FCA).
The last day of ordinary shares trading is expected to be 31 July 2026. After this date, Flutter’s shares on the LSE will be cancelled through a request with the FCA.
Once the LSE delisting takes place, Flutter’s ordinary shares will be solely listed on the NYSE, which has been its primary listing since January 2024.
Flutter noted that it doesn’t need shareholder approval for the LSE delisting under the UK Listing Rules.
