Paddy Power owner Flutter may list quantity of Fanduel stock in US
Analysts regard Fanduel as Flutter’s prize asset because of subsidiary’s growth potential
Sat, Mar 13, 2021, 15:41
Updated: Sat, Mar 13, 2021, 15:45
Flutter is the Dublin-headquartered owner of Paddy Power and Betfair. File photograph: PA
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Irish betting giant Flutter says it is “considering” listing a small number of shares in its US subsidiary Fanduel but has not made a decision at this point.
The Clonskeagh, Dublin-headquartered owner of Paddy Power and Betfair was responding to speculation that it could spin off US business Fanduel by floating it in New York.