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DUBLIN/TORONTO - Flutter Entertainment (NYSE:FLUT, LSE:FLTR), currently trading near its 52-week high of $25.58, has completed the extension of its long-term strategic partnership with Boyd Gaming Corporation through 2038, the company announced Thursday.
The leading online sports betting and iGaming operator, with a market capitalization of $2.46 billion, also finalized the buyout of Boyd’s 5% stake in FanDuel Group, according to a press release statement.
The market access savings secured as part of the transaction will take effect July 1, 2025, as previously announced by the company.
Flutter Entertainment operates a portfolio of online sports betting and iGaming brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, Snai, tombola, Betfair, MaxBet, Junglee Games, Adjarabet and Betnacional.
The company did not disclose financial details of the partnership extension or the stake buyout in its announcement.
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