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Flutter Entertainment plc (NYSE:FLUT), a leader in computer programming and data processing services, announced on Thursday the completion of its acquisition of a stake in NSX Group. The disclosure, made through the Regulatory News Service in London, was in compliance with the United Kingdom (TADAWUL:4280) Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The acquisition details were furnished as Exhibit 99.1 in the Form 8-K filed with the Securities and Exchange Commission (SEC) today. This strategic move by Flutter Entertainment is part of its broader efforts to expand its business operations and market reach.
Flutter Entertainment, previously known as Stars Group Inc. and Amaya Inc., is incorporated in Ireland and has its principal executive offices located at 300 Park Ave South, New York, New York, 10010. The company’s ordinary shares, which have a nominal value of €0.09 per share, are traded on the New York Stock Exchange under the ticker symbol FLUT. With a one-year total return of 17.2%, Flutter has shown robust market performance. InvestingPro subscribers can access 12 additional key insights about Flutter’s financial health and growth prospects.
The company’s SEC filing also included the RNS Announcement regarding the share repurchase program dated May 15, 2025, which is accessible as part of the financial statements and exhibits in the filing. The cover page of this Current Report on Form 8-K is formatted in Inline XBRL, which is included as Exhibit 104.
This recent development is expected to be of interest to investors and market watchers who follow Flutter Entertainment’s financial performance and strategic initiatives. With its next earnings report scheduled for May 20, 2025, and current trading levels near InvestingPro’s Fair Value estimate, the company presents an interesting case for investors. The information provided is based on the company’s latest SEC filing and is intended to offer a factual update on the company’s activities without any endorsements or speculative commentary. For comprehensive analysis, investors can access Flutter’s detailed Pro Research Report, available among 1,400+ top stocks covered on InvestingPro.
In other recent news, Flutter Entertainment disclosed its first-quarter earnings, revealing revenue and adjusted EBITDA figures that fell short of market expectations. The shortfall was attributed to weaker U.S. sports betting outcomes and foreign exchange headwinds. Despite this, Benchmark analysts maintained a Buy rating with a $300 price target, emphasizing the company’s strong operational momentum in the U.S. market. Similarly, Stifel analysts upheld their Buy rating and $315 target, noting that Flutter’s FY25 guidance was revised upward due to contributions from Snaitech/NSX and favorable foreign exchange movements. JMP Securities also maintained a Market Outperform rating with a $317 target, despite mixed financial results compared to their projections.
In addition to the earnings news, Flutter Entertainment announced a share buyback program, aiming to enhance shareholder value. The company has not disclosed the specific number of shares it intends to repurchase. Furthermore, Flutter recently filed an interim review for its ordinary shares, complying with the United Kingdom Financial Conduct Authority’s Disclosure Guidance and Transparency Rules. These developments highlight Flutter Entertainment’s efforts to navigate current market conditions and maintain transparency with investors.
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