Flutter Entertainment plc

Flutter Entertainment is a global sports betting and gaming company. It provides sportsbooks and iGaming products such as blackjack, roulette, slot machines, poker, and rummy. The company also offers lottery products, daily fantasy sports, horse racing wagering under the TVG brand, and Betfair betting exchanges. Its portfolio includes popular brands like FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, TVG, Adjarabet, and MaxBet. Flutter operates through websites such as fanduel.com, tvg.com, betfair.com, paddypower.com, sportsbet.com.au, pokerstars.com, sisal.it, maxbet.rs, and adjarabet.com. Additionally, it provides business-to-business pricing and risk management services.

Flutter Entertainment is listed on the New York Stock Exchange (NYSE) under the ticker symbol FLUT. Its shares are traded in US Dollars (USD). The company is headquartered in New York, New York, and its primary listing is in the United States, making it accessible to US investors. The use of USD simplifies trading for American investors and aligns with the company's US-focused operations, particularly through its FanDuel brand.

Flutter Entertainment operates in the Consumer Cyclical sector, specifically within the Gambling industry. This classification reflects the company's focus on discretionary consumer spending, as gambling and betting activities are often considered non-essential services. As a gambling company, Flutter provides sports betting, iGaming, and lottery products, which are regulated in many jurisdictions. The Consumer Cyclical sector indicates that the company's performance may be sensitive to economic cycles, with demand potentially rising during periods of economic growth and falling during downturns.

Flutter Entertainment is headquartered in New York, New York, United States. The company serves a global market, with a strong presence in the US, UK, Europe, and Australia. Its brands include FanDuel (US), Sky Betting & Gaming (UK), Sportsbet (Australia), PokerStars (global), Paddy Power (Ireland/UK), Sisal (Italy), tombola (UK), Betfair (global), TVG (US horse racing), Adjarabet (Georgia), and MaxBet (Serbia). The company was formerly known as Paddy Power Betfair plc before rebranding in 2019. It was incorporated in 1958, giving it a long history in the gambling industry.

Flutter Entertainment generates revenue primarily through sports betting and iGaming operations. It offers sportsbooks where customers place wagers on sporting events, and it earns money from the margin between odds and payouts. The company also provides iGaming products like blackjack, roulette, slot machines, poker, and rummy, which generate revenue through player stakes and house edges. Additionally, Flutter operates betting exchanges (Betfair) that charge commission on matched bets, daily fantasy sports (FanDuel), and horse racing wagering (TVG). Other revenue streams include lottery products and business-to-business pricing and risk management services. The company's diverse portfolio of brands and geographic reach helps stabilize income across different markets.