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UPDATE 2-European shares flat as financials, miners weigh; Flutter rises

UPDATE 2-European shares flat as financials, miners weigh; Flutter rises
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Rupert Murdoch-backed FanDuel mulls New York listing


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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Paddy Power owner Flutter may list quantity of Fanduel stock in US


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. ....

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Flutter says considering small listing for U.S. online betting site FanDuel


By Reuters Staff
2 Min Read
DUBLIN (Reuters) - Betting group Flutter Entertainment, the owner of Paddy Power, Betfair and PokerStars, said on Saturday it is considering listing a small shareholding of its U.S. FanDuel business.
Flutter, the world’s largest online betting group, has identified the United States as its next big growth market after a ban on sports betting was lifted in 2018. In December it increased its stake in FanDuel to 95% in a $4.2 billion deal
The Irish company said it was making the disclosure in response to media speculation about a possible FanDuel initial public offering. CNBC reported on Friday that Flutter was considering spinning out the business. ....

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