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State of Play
- Flutter Entertainment has disclosed a shift in its major holdings, a notable update for bettors and investors in the US.
- As one of the leaders in the online gambling industry, owning brands such as FanDuel and PokerStars, Flutter remains a central figure despite recent fluctuations in its stock.
On Nov. 24, Flutter Entertainment PLC announced a change in its major holdings, in compliance with UK regulatory requirements.
Parvus Asset Management reported holding 5.066561% of the company’s voting rights as of Nov. 18. Despite a 37% share price dip since August, Flutter posted strong Q3 results, with revenue rising 17% to $3.79 billion and earnings per share at $1.64.
The company boasts a market cap of $33.8 billion and recent revenue totaling $15.43 billion. Analysts remain optimistic, with Wells Fargo rating Flutter as Overweight and assigning a price target of $272, implying a 41% potential upside; the average analyst target stands at $311.43.
Flutter is expected to have major influence on online gambling industry
Flutter’s robustness and brand portfolio reinforce its status in the expanding online gambling market. The performance of the company, which operates FanDuel Casino and PokerStars Casino, as well as FanDuel Sportsbook, suggests resilience amid market volatility, highlighting opportunities for player engagement and growth.
Industry projections anticipate that the online betting sector will reach $93.31 billion by 2030, underscoring Flutter’s potential influence. Investors and gaming operators should watch for how these ownership changes translate into strategic moves in the competitive landscape.
Flutter Entertainment’s market trajectory and changes to its ownership structure will be key indicators for the industry.
The other factor to keep an eye on for the rest of Q4 and entering 2026 is the influence of prediction markets in the US. Operators such as DraftKings and FanDuel have announced their intention to be active in the space. This is despite warnings from legal sports betting states that threaten action on licenses for operators who enter that area.
How this impacts how investors and traders view the gambling companies will be an intriguing aspect to watch.
Based on reporting by TipRanks.
