Flutter Entertainment plc
Flutter Entertainment Announces Acquisition of Boyd Gaming's Stake in FanDuel
Summary
Flutter Entertainment plc announced on July 10, 2025, that it has acquired Boyd Gaming Corporation's 5% stake in FanDuel for approximately $1.755 billion. This acquisition, which takes Flutter's total ownership of FanDuel to 100%, is expected to deliver annual operating cost savings of approximately $65 million starting July 1, 2025. The transaction is expected to complete in Q3 2025, subject to customary closing conditions and regulatory approvals. In addition, Flutter entered into a bridge credit agreement with certain banks for a senior secured first lien term loan of $1.75 billion to finance the acquisition and related expenses.
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About Flutter Entertainment plc
Flutter Entertainment plc is a global sports betting and gaming company, recognized as a leader in the online entertainment industry. The company is known for its dynamic portfolio of popular brands, including Paddy Power, Betfair, PokerStars, and FanDuel, each catering to varied segments of the sports betting and gaming markets. Flutter Entertainment focuses on delivering thrilling experiences through innovative technology platforms that support online wagering, live sports betting, and an array of casino games. With a strong presence in Europe, North America, and other international markets, Flutter Entertainment leverages a mix of local expertise and global resources to maintain its competitive edge. The company also emphasizes responsible gaming practices, investing in resources to ensure safe and enjoyable user experiences. In the financial market, Flutter Entertainment plc holds significant market influence, driven by its extensive customer base, diversified product offerings, and strategic acquisitions. It continues to play a vital role in the evolution of the online betting landscape, adapting to regulatory changes and technological advancements while seeking sustainable growth across its operations.
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