By Dominic Chopping

Flutter Entertainment has finalized its plans to checklist within the U.S., saying it can checklist its shares on the New York Stock Exchange whereas concurrently delisting from Euronext Dublin.

The FTSE 100 playing and betting group–which homes the PokerStars and Paddy Power brands– stated Thursday that it expects the NYSE itemizing to turn into efficient within the first quarter of 2024. It stated it now believes it acceptable to take care of simply two listings in an effort to decrease regulatory complexities. It has determined to cancel its Dublin itemizing.

The firm’s membership of the FTSE 100 will not be affected, it stated.

Flutter reported an 8% rise in third-quarter income to 2.04 billion kilos, boosted by a 22% bounce in gaming income on the 12 months whereas common month-to-month participant numbers rose 16%.

U.S. income rose 12% to GBP668 million whereas U.Okay. and Ireland income rose 11% to GBP566 million, offsetting an 18% drop in Australia income.

“In the U.S…the strong ramp in Ebitda during 2023 will continue into 2024 and beyond, as our profit margins expand materially,” Chief Executive Officer Peter Jackson stated.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

November 09, 2023 02:53 ET (07:53 GMT)

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