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Rupert Murdoch-backed FanDuel mulls New York listing Flutter could float part of FanDuel in New York as investors grow impatient over its disappointing stock market performance 15 March 2021 • 10:41am Flutter Entertainment may float a “small shareholding” in the American fantasy sports and online betting firm after spending $4.5bn (£3.2bn) last December increasing its stake from 57.8pc to 95pc. The Paddy Power and Betfair owner revealed the intent in response to a CNBC report that investors were agitating for a spin-off of the American business because Flutter’s share prices trails its rival DraftKings.  Such a move comes as UK gambling firms capitalise on the boom in sports betting in America following the liberalisation of the industry across the states. 

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