2024-07-18 23:44:40 ET
Summary
- Flutter Entertainment provides sports betting and gaming services globally, leading the rapidly growing FanDuel US brand with international expertise.
- The company's international operations provide stable cash flows to finance extensive US investments, with the markets being more mature but also posed with higher regulatory risks.
- The stock valuation seems expensive on the surface, but with FanDuel's growth potential, the stock is priced fairly.
Headquartered in Ireland, Flutter Entertainment plc ( FLUT ) provides sports betting and gaming services to customers around the world. The company has a wide portfolio of brands, including the leading US brand FanDuel, as well as well-recognized brands in other parts of the world including BetFair, Sky Betting & Gaming, Paddypower, and Pokerstars among many other brands. In 2023 , around 37% of revenues came from the rapidly growing US market, with the UK, Australia, and other European countries representing more mature operations....
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Flutter Entertainment: Leading The U.S. Market With International Expertise, Fairly Priced