Flutter’s ordinary shares have now been removed from the UK Financial Conduct Authority’s Official List and are no longer admitted to trading on the London Stock Exchange’s main market.
The company’s official shareholder information confirms that the change does not affect the continued listing of Flutter shares on the NYSE. Shareholders who previously held their investment through London may need to follow arrangements set by their broker or investment platform to continue trading the shares.
Flutter had retained London as a secondary listing after shifting its primary listing to New York in May 2024. The group initially added its US listing in January of that year before shareholders approved the move of its main trading venue several months later.
The completed delisting therefore closes the final stage of a transition that has progressively placed Flutter’s public-market presence in the United States.
Low London Trading Activity Reduced Benefits
Flutter said its review considered the relatively low level of trading in its shares on the LSE compared with the NYSE.
Maintaining a secondary listing also exposed the company to additional costs, regulatory responsibilities and administrative work. Flutter concluded that the remaining London listing provided limited benefits to the company and its shareholders when weighed against those requirements.
The company’s board determined that cancellation was in shareholders’ best interests, while the existing NYSE listing would continue to provide access to a public market for its ordinary shares.
The decision does not change Flutter’s place of incorporation. The group remains incorporated in Ireland, although it has increasingly aligned its investor communications and financial reporting with US market requirements.
US Growth Has Reshaped Flutter’s Market Profile
Flutter’s move towards New York has developed alongside the expansion of its US business, led by FanDuel.
The United States has become Flutter’s largest individual revenue market, increasing the strategic importance of US investors and capital markets to the group. This growing exposure was one of the factors behind the company’s decision to establish and later prioritise its NYSE listing.
When Flutter began trading in New York in January 2024, CEO Peter Jackson described the move as “a pivotal moment for the Group” that would make Flutter more accessible to US-based investors. He also identified the US as the natural home for the company’s primary listing, citing FanDuel’s position and the depth of American capital markets.
Flutter also owns brands including Paddy Power, Betfair, PokerStars, Sky Betting & Gaming and Sportsbet, giving the group operations across the US, UK and Ireland, Australia and several international markets.
The company’s performance remains closely followed across the publicly listed gambling sector. Flutter is included in the Ace Alliance weekly iGaming stock snapshot, which tracks share-price movement and selected valuation measures across listed operators, suppliers and affiliate businesses.
Delisting Does Not Remove Access to Flutter Shares
The cancellation means Flutter shares can no longer be bought or sold through the London Stock Exchange. It does not represent a privatisation or the withdrawal of the company from public markets.
Existing shares remain listed and tradable in New York under FLUT. However, the practical impact for individual shareholders may depend on whether their broker supports trading in US-listed securities and how their London-held positions are processed.
Flutter published a shareholder FAQ before the delisting to explain the timeline and the options available to investors. The company advised shareholders to contact their broker or investment platform where further action or clarification was required.
