Paddy Power owner Flutter to scrap listing on London Stock Exchange
Summary
Flutter Entertainment, the owner of Paddy Power and Betfair, will remove its shares from the London Stock Exchange on August 3, 2025. The company said low trading volume and high costs influenced this decision after moving its main listing to New York earlier in 2024.Key Facts
- Flutter Entertainment owns well-known betting brands Paddy Power and Betfair.
- The company plans to stop trading its shares on the London Stock Exchange on August 3, 2025.
- It moved its primary stock listing from London to New York in early 2024.
- Flutter said low trading activity and high costs of staying listed in London caused the delisting decision.
- Flutter is worth about £15 billion and is the largest online betting company worldwide.
- Many UK-listed companies are shifting their stock listings to the US for better valuations and benefits.
- Flutter has around 28,500 employees worldwide and is mainly run from New York.
- Its shares in London lost half their value in 2025, partly due to new US betting markets called prediction markets.
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