Flutter Entertainment, the FTSE 100 giant behind Paddy Power, Betfair, Sky Bet and the American juggernaut FanDuel, has confirmed that it will delist from the London Stock Exchange this summer, bringing an end to a 26-year run on the London market that began when its predecessor, Paddy Power, first floated in the December of 2000. Shares will stop trading in London at 8am on the third of August, with the final day of business on the LSE falling on the 31st of July, leaving Flutter listed solely on the New York Stock Exchange from that point on.
A Move Years in the Making
The company first flagged a review of its London listing back in May, alongside first-quarter results that showed group revenue up 17% year-on-year to around $4.3 billion. Given Flutter shares have been trading in New York since the January of 2024 and New York has quickly overtaken London as the company’s main trading venue, the decision to go all-in on the NYSE has been on the cards for a while. Flutter points to lower trading volumes in London along with the ongoing cost, regulatory and administrative burden of running two listings as the reasoning behind the move.
It is not hard to see why New York has won out. Flutter’s US arm brought in $1.76 billion in revenue in the first quarter of 2026 alone, which is around 41% of the group total, with FanDuel holding roughly 39% of the American online sportsbook market and remaining the country’s biggest operator. Whatever Flutter’s roots in Dublin and its long history on the London market, the money is very clearly being made in America these days and the delisting looks like as much a reflection of that shift as anything else. Flutter also believes that a single New York listing is in the best interests of shareholders.
How the Market Reacted
Flutter Entertainment, one of the world’s leading betting companies and owner of Paddy Power, Betfair and Sky Bet, has announced it will delist from the London Stock Exchange (LSE) in August.
— Racing Post (@RacingPost) June 12, 2026
Investors didn’t exactly panic at the news, though there was a modest dip either side of the Atlantic. Shares in London, where Flutter is on the LSE as FLTR, were down 0.24% at 8,322p on the Friday morning the announcement landed, whilst the New York-listed stock, known as FLUT on the NYSE, had already closed 1.89% lower at $110.80 the previous day. For a company as large as Flutter, that’s a fairly muted reaction to news of a full stock exchange exit, which suggests that most of the market had already priced the move in given how loudly it had been trailed back in May.
Regardless, it caps off a fairly bruising few years for London’s standing as a home for gambling stocks, with Flutter’s exit leaving a noticeably smaller footprint of major betting names still listed on home turf. The truth of the matter is that Flutter is far from the only big name to move away from the London Stock Exchange in recent years. Some companies have already moved away, whilst others have shelved plans to list on the LSE in the first place. The post-Brexit market is a big reason why broad regulatory reforms have been introduced by the British market.