Flutter Entertainment has officially ended its presence on the London Stock Exchange (LSE), with the gambling group’s shares now trading exclusively on the New York Stock Exchange (NYSE).
The company confirmed that its LSE listing and admission to trading on the exchange’s main market were cancelled on August 3, 2026. The move followed an announcement made in June, when Flutter revealed plans to leave the London market after reviewing the value and costs associated with maintaining the listing.
Flutter’s ordinary shares are now listed solely on the NYSE, where the company first established a presence in January 2024 and made the US exchange its primary listing several months later.
US Market Growth Drives Listing Change
Flutter’s decision reflects the growing importance of its North American operations, particularly through FanDuel, one of the largest online sports betting brands in the United States.
The company’s first-quarter results highlighted the increasing contribution from the US market. Revenue increased 17% year over year to $4.3 billion (£3.5 billion), with US revenue reaching $1.76 billion and accounting for 41% of the total.
Following those results, Flutter leadership began reviewing the future of the company’s London listing. The company later concluded that moving away from the LSE would better align its share trading structure with its business priorities.
The review identified several factors behind the decision, including limited trading volumes, along with the financial and regulatory costs associated with maintaining a secondary listing.
Flutter said the company believed the move was in the best interests of shareholders.
The delisting process was completed after Flutter’s final full day of trading in London on July 31, 2026. On that day, shares closed at £75.88, compared with an opening price of £81.38 the previous week.
Company Maintains UK And Ireland Operations
Although Flutter has withdrawn from the London Stock Exchange, the company continues to operate major brands across the UK and Ireland.
Its regional portfolio includes Paddy Power, Sky Betting & Gaming, Betfair and tombola, with the UK and Ireland division remaining one of Flutter’s largest revenue-generating segments.
Flutter’s history in London stretches back more than two decades. Paddy Power, the Irish-founded bookmaker that later became part of Flutter, joined the LSE in 2000 as it expanded its UK presence.
The company merged with Betfair in 2016, creating Paddy Power Betfair. Following the repeal of the US Professional and Amateur Sports Protection Act (PASPA) in 2018, the business moved further into the American market through the acquisition of FanDuel. The group later adopted the Flutter Entertainment name in 2019.
The FanDuel acquisition became a major step in Flutter’s expansion strategy as regulated sports betting markets developed across the US.
Flutter first moved its primary listing to New York in May 2024, while keeping a secondary listing in London. At the time, the company said the NYSE would provide stronger access to North American investors and better represent the growth of its US-focused operations.
LSE Faces Another Major Departure
Flutter’s exit represents another challenge for the London Stock Exchange, which has faced criticism over companies choosing other markets for listings or leaving through acquisitions.
Several businesses have either moved away from London, accepted takeovers by US investors or selected other exchanges for initial public offerings. Swedish buy-now-pay-later company Klarna, for example, chose the NYSE for its 2024 market debut.
However, London could still attract major companies in the future. Allwyn, the operator of the National Lottery, is considering its listing options as it expands its presence in North America.
The LSE also recently saw a positive development when financial services group IG Group strengthened its US position through the acquisition of prediction market and daily fantasy sports company Underdog.
As reported by SBC News, Flutter’s move to a single NYSE listing also comes as investor Kenneth Dart has increased his voting rights in the company to more than 29%. Dart has similarly increased his ownership position in Swedish gaming technology company Evolution, where his stake reached 30%, triggering takeover requirements under Swedish regulations.
Flutter is scheduled to release its second-quarter results later this week, with an earnings call planned for August 5, 2026.
