Flutter Entertainment Share Discussion Threads

[vraetorian] 15/8/2021 22:52

Yes. It's considered Uplisting.

How long does it usually take to list on the NASDAQ?
It generally takes 4-6 weeks to process a listing application. This time frame is variable and may be shortened considerably, if the application raises no issues and the company responds to staff comments.
In order to list, they must meet financial and listing requirements, which vary by exchange.

[solarman2013] 15/8/2021 20:20

Once flutter lists FD ON NASDAQ, it should delist from OTC

[yonko54] 15/8/2021 17:48

32 states and 4 to come

[solarman2013] 14/8/2021 09:41

Hard rock will own Florida for a while. Not sure how much time will take for others to get in. Seninoles have a lot of clout.

[trictrac66] 14/8/2021 08:37

That’s a good priority list I agree. I would add:

6. Florida. If Florida education champions can get sports betting on the 22 ballot, that could open up a massive affluent gambling market.
7. Stardust. Flutter may be world’s largest online casino operator, but the product to date has lacked a bit of “stardust̶1; itself. Recent relaunch needs to attract non sports fans in particular, and needs more innovation. It’s true that online is still minority of states , but the market is just as big as Osb already and the margins are high.
8. BAU. FD are doing awesome in US so far. Clear market leader and still taking share everywhere. But got to keep that flywheel turning !

[solarman2013] 13/8/2021 17:43

That's a lot of shares to clear and still have the price hold where it is. Means there is strong demand for Flutter shares and if they clear out soon, we can expect more news, more demand and a much higher price. The following events will surely affect the price:

1. Arizona, Ontario, Wyoming, Connecticut, Louisiana, New York launches pre-Spring 2022.
2. New CEO for Fan Duel.
3. Resolution of Fox dispute.
4. Resolution of KY (or SCOTUS appeal).
5. IPO expected date and valuation (I expect for just after NY launch).

Did I miss anything?

[zwemnaar] 13/8/2021 17:18

It looks like fastball (the company flutter bought the recent c. 37% FanDuel share off), is selling the shares they received in part payment for the FanDuel deal. Once their shares are cleared (I think they have 4% of total shares), this share price can move up to the level it deserves!

[solarman2013] 13/8/2021 12:01

I don’t see any block yet have not read how they will setup in Canada, while others have been making moves and hiring .

[the white house] 13/8/2021 10:06

Is is there with DFS though' so has database to access, are you saying there is no route (what IS route') to this or is it just a matter of time it is there a potential block'

[solarman2013] 13/8/2021 09:59

FD has yet to publicly explain how it will access Ontario.

[the white house] 13/8/2021 09:22

Good news, 14.5m pop in Ontario and Arizona spins it up to 22m overall in the next fortnight with fantasy a fortnight prior to sports. Huge increase going forwardSome nice articles about the Arizona launch online, FanDuel sports book 80pc complete in street access in Suns venue, huge 7500 sq feet, year round opening, will be a great focal point to help launch and awareness when it opens on 9th

[solarman2013] 12/8/2021 20:51

Canada going live August 27th. In time for NFL. Ontario already lining up as the biggest market there. Ontario alone is bigger than many of the live states. Flutter yet to name a partner or how they will be participant. Expect jump tomorrow and their announcement won’t be too long after.

[pughman] 12/8/2021 20:26

What would the posters on here say are the odds of a bid for Flutter in the next 12 months, and by who?

[the white house] 12/8/2021 07:57

Also interesting is that given the remarkable increase in sports betting market share, and noted early roi, Jackson pointed out 8 of the next 9 States to fall are Sports Betting only. Huge advantage for FanDuel to build leads off fantasy base and the cross sell when they joins the igaming party later. I continue to add, as someone else is consistently Prospects are frightening

[the white house] 11/8/2021 07:55

Very interesting line from Jackson in The Times. Said that the Fox option is technically only in a FanDuel subsidiary not the top company and as such we could IPO FanDuel even though we are having a dispute with Fox.Big shout to make if unfounded, which you would highly doubt he would do, a billion dollar call'

[the white house] 11/8/2021 07:41

Agreed, even with him I could not see why the 150 day process to make a decision is being quoted as a fixed time that had to be used up. given the alleged points scoring process & 6 applicants I struggle to think why more than a month would be needed. The earlier the call the more of NFL season brings money in. The whole ideaGiven the Betfair led Super Bid inc 75pc' of likely revenue, a call to include this can be made in an instant with maybe a week to rule out the solos and pick the other. 150 days is a ludicrous waste of time

[mip55] 11/8/2021 07:34

Let's get this out of the way: do not expect any big changes to the launch plans for mobile NY sports betting follow Tuesday's news.just because Cuomo is gone in 14 days does not change the laws on the books. It should not change the scheduled pace for mobile sportsbooks to launch, either, said Sen. Joe Addabbo Jr:https://www.legalsportsreport.com/55293/mobile-ny-sports-betting-changes-cuomo-resignation/

[simon gordon] 11/8/2021 05:57

Guardian - 11/8/21:

Flutter’s punt on US gambling business FanDuel has played out in spades

The smartest deal, in hindsight, done in recent years by a FTSE 100 company must be Flutter Entertainment’s purchase in 2018 of a majority stake in FanDuel, a US business running online sports-based fantasy games for prizes. It was a punt that leadership in the fantasy market could be converted into something very big if US rules were liberalised to allow locals to bet on sport for serious dollars in European style.

At the time, Flutter, then called Paddy Power Betfair (which still describes the bulk of the company), viewed the deal as akin to “an option” on US liberalisation, says chief executive Peter Jackson. But the bullish projection has played out in spades. The US supreme court indeed changed the rules and individual US states are opening up. Back in 2018, Flutter paid $158m for its 58% stake in FanDuel and threw in a few US assets it already owned. When it topped up and took its interest to 95% at the end of last year, the additional 37% cost the rather chunkier sum of $4.2bn (£3bn).

Even the later transaction, though, is starting to look good business given the US statistics that Flutter sprinkled across its first-half results on Tuesday. Its share of the online sportsbook market in the US in the last quarter was an astonishing 45%, which equates to 2.2 million people, 75% of whom have been recruited in the last 12 months. In a US betting market that currently resembles a land-grab, Flutter has twice the share of its nearest competitor.

The business of acquiring customers is not cheap – $291 per head, the company said, leading to likely top-line losses this year in the US of up to $275m. The point, though, is that payback on new customers is calculated to come within a year and Flutter expects ‘‘a tipping point” to be reached at the end of 2022 when profits from existing customers more than offsets the cost of acquiring new ones.

Profits in the US would therefore appear in 2023, the first time Flutter has set a date. There would be a delay if big states, such as California, liberalise in the interim, necessitating another promotional splurge, but Flutter obviously hopes they do.

While it is hard to believe the company will be able to defend for ever a 45% share of a market that is still in its infancy, the mini-mystery is how the Las Vegas casinos allowed a London-listed, Dublin-based company to waltz into its backyard and gain leadership. The answer may be no more than the inability of land-based operators to understand that the online world is nothing like the one they know. Call it a rare case of European tech beating US efforts, albeit in a socially useless field.

An intriguing twist will come if Flutter lists a minority stake in FanDuel on the US stock markets, an idea it has already raised. The lack of a US chief executive, plus a row with Rupert Murdoch’s Fox Corporation over the rights to a stake in FanDuel, probably preclude a listing for the time being. But the US markets have awarded a rip-roaring rating to share-dealing platform Robinhood, which is essentially just another venue for gambling. FanDuel looks the better long-term prospect.

[yonko54] 11/8/2021 02:57

Q2interm results

hxxps://www.flutter.com/sites/paddy-power-betfair/files/result-center/2021/Flutter-interim-results-2021-financial-statements.pdf

[solarman2013] 10/8/2021 18:06

With Cuomo gone, expect a speedier process for NY. He was a big holdout and now that the process is underway, it will come to a speedier conclusion.

[the white house] 10/8/2021 17:50

Fantasy sports starts in Arizona for FanDuel & DraftKings a fortnight today. Expect a huge campaign to get players on board while the other 8 (at least) sports betting firms have to sit on their hands for a further fortnight. Get that flywheel spinning fast, Peter