Flutter Entertainment extends partnership with Boyd Gaming to 2038 and buys out Boyd's 5% stake in FanDuel.
Quiver AI Summary
Flutter Entertainment has announced the extension of its strategic partnership with Boyd Gaming Corporation until 2038, along with Boyd's buyout of its 5% stake in FanDuel Group. The market access savings from this transaction will take effect on July 1, 2025. Flutter is a leading online sports betting and iGaming operator, aiming to promote sustainable growth and leverage its global advantages. The company operates several well-known brands, including FanDuel and PokerStars, and is committed to positively impacting the industry and stakeholders.
Potential Positives
- Flutter has successfully extended its long-term strategic partnership with Boyd Gaming Corporation to 2038, indicating a strong and stable business relationship.
- The buyout of Boyd's 5% stake in FanDuel Group enhances Flutter's control and ownership in a key asset, potentially leading to increased profitability and operational efficiency.
- The announcement of market access savings beginning July 1, 2025, suggests improved financial terms moving forward, likely benefiting Flutter's overall bottom line.
Potential Negatives
- Completion of the buyout of Boyd's 5% stake in FanDuel Group may raise concerns about potential reduced collaboration and partnership benefits, which could impact competitive positioning.
- The extended partnership until 2038 may limit Flutter's flexibility to explore more advantageous strategic options or partnerships in the future.
- Market access savings not taking effect until July 1, 2025, could indicate a delay in realizing financial benefits, potentially impacting short-term financial performance.
FAQ
What partnership did Flutter Entertainment announce recently?
Flutter Entertainment announced the extension of its long-term strategic partnership with Boyd Gaming Corporation to 2038.
What are the implications of the buyout of Boyd's stake in FanDuel?
The buyout of Boyd's 5% stake in FanDuel allows Flutter to consolidate its ownership and influence within the market.
When do the market access savings from the transaction take effect?
The market access savings from the transaction will be effective from July 1, 2025.
What is Flutter Entertainment's goal in the online betting industry?
Flutter aims to leverage its size and challenger mindset to promote long-term growth and a positive, sustainable future.
Which brands does Flutter Entertainment operate?
Flutter operates several leading brands, including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, and Paddy Power.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FLUT Insider Trading Activity
$FLUT insiders have traded $FLUT stock on the open market 31 times in the past 6 months. Of those trades, 1 have been purchases and 30 have been sales.
Here’s a breakdown of recent trading of $FLUT stock by insiders over the last 6 months:
- JEREMY PETER JACKSON (Chief Executive Officer) has made 0 purchases and 7 sales selling 30,582 shares for an estimated $7,943,078.
- AMY HOWE (CEO & President - FanDuel) has made 0 purchases and 8 sales selling 16,823 shares for an estimated $4,317,132.
- JAMES PHILIP BISHOP (Chief Operating Officer) sold 3,000 shares for an estimated $729,600
- NANCY DUBUC has made 1 purchase buying 387 shares for an estimated $99,846 and 1 sale selling 265 shares for an estimated $64,914.
- CAROLAN LENNON sold 430 shares for an estimated $105,655
- JOHN A BRYANT sold 418 shares for an estimated $102,706
- ROBERT COLDRAKE (Chief Financial Officer) has made 0 purchases and 2 sales selling 295 shares for an estimated $73,625.
- NANCY CRUICKSHANK sold 281 shares for an estimated $69,044
- HOLLY K KOEPPEL has made 0 purchases and 2 sales selling 267 shares for an estimated $65,510.
- ATIF RAFIQ sold 265 shares for an estimated $64,706
- ROBERT R BENNETT has made 0 purchases and 2 sales selling 264 shares for an estimated $64,665.
- ALFRED F JR HURLEY has made 0 purchases and 2 sales selling 265 shares for an estimated $64,643.
- CHRISTINE M MCCARTHY sold 264 shares for an estimated $64,447
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$FLUT Hedge Fund Activity
We have seen 318 institutional investors add shares of $FLUT stock to their portfolio, and 219 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VANGUARD GROUP INC removed 6,156,984 shares (-64.2%) from their portfolio in Q1 2025, for an estimated $1,364,079,805
- AKO CAPITAL LLP added 2,590,673 shares (+inf%) to their portfolio in Q1 2025, for an estimated $573,963,603
- CALEDONIA (PRIVATE) INVESTMENTS PTY LTD removed 1,993,033 shares (-18.3%) from their portfolio in Q1 2025, for an estimated $441,556,461
- CAPITAL RESEARCH GLOBAL INVESTORS removed 1,753,239 shares (-15.6%) from their portfolio in Q1 2025, for an estimated $388,430,100
- BANK OF AMERICA CORP /DE/ added 1,497,024 shares (+113.2%) to their portfolio in Q1 2025, for an estimated $331,665,667
- BNP PARIBAS FINANCIAL MARKETS added 1,322,016 shares (+196.5%) to their portfolio in Q1 2025, for an estimated $292,892,644
- BARCLAYS PLC added 1,229,737 shares (+116.6%) to their portfolio in Q1 2025, for an estimated $272,448,232
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$FLUT Analyst Ratings
Wall Street analysts have issued reports on $FLUT in the last several months. We have seen 15 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Oppenheimer issued a "Outperform" rating on 07/22/2025
- Barclays issued a "Overweight" rating on 07/18/2025
- Truist Securities issued a "Buy" rating on 07/16/2025
- Stifel issued a "Buy" rating on 07/16/2025
- JMP Securities issued a "Market Outperform" rating on 07/15/2025
- B of A Securities issued a "Buy" rating on 07/11/2025
- Canaccord Genuity issued a "Buy" rating on 06/25/2025
To track analyst ratings and price targets for $FLUT, check out Quiver Quantitative's $FLUT forecast page.
$FLUT Price Targets
Multiple analysts have issued price targets for $FLUT recently. We have seen 18 analysts offer price targets for $FLUT in the last 6 months, with a median target of $325.5.
Here are some recent targets:
- Jed Kelly from Oppenheimer set a target price of $350.0 on 07/22/2025
- Brandt Montour from Barclays set a target price of $350.0 on 07/18/2025
- Jeffrey Stantial from Stifel set a target price of $353.0 on 07/16/2025
- Barry Jonas from Truist Securities set a target price of $340.0 on 07/16/2025
- Jordan Bender from JMP Securities set a target price of $323.0 on 07/15/2025
- Adrien de Saint Hilaire from B of A Securities set a target price of $330.0 on 07/11/2025
- James Wheatcroft from Jefferies set a target price of $380.0 on 07/08/2025
Full Release
DUBLIN and TORONTO, July 31, 2025 (GLOBE NEWSWIRE) -- Flutter Entertainment (“Flutter”) (NYSE:FLUT, LSE:FLTR), the leading online sports betting and iGaming operator, today announces that it has completed the extension of its long-term strategic partnership with Boyd Gaming Corporation to 2038 and the buyout of Boyd's 5% stake in FanDuel Group. As previously announced the market access savings secured as part of the transaction will be effective July 1, 2025.
About Flutter Entertainment plc
Flutter is the world’s leading online sports betting and iGaming operator, a market leading position in the US and across the world. Our ambition is to leverage our size and our challenger mindset to change our industry for the better. By Changing the Game, we believe we can deliver long-term growth while promoting a positive, sustainable future for all our stakeholders. We are well-placed to do so through the distinctive, global advantages of the Flutter Edge, which gives our brands access to group-wide benefits, as well as our clear vision for sustainability through our Positive Impact Plan.
Flutter operates a diverse portfolio of leading online sports betting and iGaming brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, Snai, tombola, Betfair, MaxBet, Junglee Games, Adjarabet and Betnacional.
To learn more about Flutter, please visit our website at www.flutter.com .
| Investor Relations: | Media Relations: |
| Paul Tymms, Investor Relations | Kate Delahunty, Corporate Communications |
| Ciara O'Mullane, Investor Relations | Lindsay Dunford, Corporate Communications |
| Chris Hancox, Investor Relations | Rob Allen, Corporate Communications |
| Email : [email protected] | Email: [email protected] |
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