![]() ![]() As Bloomberg reported earlier today, recent moves such as the acquisition of The Stars Group has greatly helped. When it comes to Flutter Entertainment and PDYPY stock, the story is also one of impressive growth. As we saw earlier today with the excitement over Landcadia Holdings (NASDAQ: LCA) and its merger with Golden Nugget Online Gaming, investors want access to this world. Through FanDuel, Flutter Entertainment can access sportsbook, daily fantasy sports, online casino games and online horse race betting products. The big story here for investors is about the appeal of online gambling and sports betting. Why the Flutter Entertainment News Matters FanDuel now has an estimated enterprise value of $11.2 billion.PDYPY stock is up on the news, as is FLTR.To do this, Flutter will pay Fastball approximately $2.1 billion and issue 11.7 million shares.Importantly, Flutter Entertainment increased its stake to 95% today, buying out the stake held by Fastball.investors thanks to its stake in affiliate FanDuel. However, Flutter Entertainment is appealing to U.S.One estimate suggests that Flutter Entertainment has more than 600 of these shops in the United Kingdom and Ireland.While Betfair does have some online operations, a large part of the holdings company is its physical footprint of betting shops.Although you can trade PDYPY stock over the counter, Flutter Entertainment primarily trades on the London Stock Exchange.It also more recently acquired The Stars Group.Flutter Entertainment got its new identity thanks to the merger of Paddy Power and Betfair.The company calls Dublin its home, and it is a bookmaking holdings company. ![]() Investors may be more familiar with the former name of Flutter Entertainment, Paddy Power.With that narrative in mind, here are 12 things to know about the Flutter Entertainment news and PDYPY stock: affiliate, and it gives it way more exposure to the hot online gambling and sports betting markets. That massive jump gives it near total control of its U.S. Essentially, the big story today is that Flutter Entertainment raised its stake in FanDuel from approximately 58% to 95%. ![]()
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