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Flutter Entertainment has officially stepped away from the London Stock Exchange, completing the delisting of its ordinary shares at 8 am UK time on 3 August.
The gambling giant had already signaled its intention to exit the LSE earlier in June, with its last day of trading set for 31 July. The move leaves the New York Stock Exchange as Flutter’s sole primary listing, marking a significant shift in the company’s market presence.
The decision followed a review of its London listing, where Flutter pointed to low trading volumes, high costs, and regulatory demands as reasons for the withdrawal.
Executives concluded that concentrating on New York was in the best interests of shareholders. On its final day in London, Flutter’s shares closed at £75.88, down from £81.38 at the start of the week, reflecting the market’s adjustment ahead of the delisting.
Flutter still invested in UK market
Although Flutter has now removed its shares from the London Stock Exchange, the company has made clear it is not stepping back from its UK and Irish operations.
The group continues to run some of the region’s biggest gambling brands, including Paddy Power, Sky Betting & Gaming, Betfair, and tombola. This division remains one of Flutter’s largest contributors to revenue, showing that the UK and Ireland are still central to its business strategy.
The shift to a sole listing on the New York Stock Exchange also reflects Flutter’s growing focus on its U.S. business, led by FanDuel, which has expanded rapidly in recent years.
Flutter first entered the NYSE in January 2024, later moving its primary listing from Dublin to New York while keeping a secondary presence in London until now. The company argued that a U.S. listing would give it better access to investors and highlight the importance of its North American operations.
Even so, he UK market remains vital. Flutter’s confirmation that it will continue serving customers through its established brands comes at a time when other operators, such as Betfred, have announced shop closures and job cuts in response to rising taxes and economic pressures.
Source: Next.io
