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In compliance with UK regulatory requirements, Flutter Entertainment plc (NYSE:FLUT), a $39 billion market cap gaming company, announced its total voting rights on April 1, 2025. The disclosure, mandated by the United Kingdom (TADAWUL:4280) Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, was released through the Regulatory News Service in London. According to InvestingPro data, Flutter maintains a FAIR financial health score, with annual revenue reaching $14 billion.
The announcement, now part of the official records as Exhibit 99.1 in the Form 8-K filed with the SEC, provides investors and the market with essential information regarding the company’s voting rights. Flutter Entertainment, operating in the computer programming and data processing sector under the SIC code 7370, has shown strong performance with a 13% one-year return despite recent market volatility. InvestingPro analysis suggests the stock is currently trading below its Fair Value, presenting a potential opportunity for investors.
The company, incorporated in Ireland and headquartered at 300 Park Ave South, New York, has its ordinary shares listed on the New York Stock Exchange under the trading symbol FLUT. This recent filing ensures Flutter Entertainment maintains transparency with its shareholders and adheres to the regulatory frameworks governing financial disclosures in the markets it operates.
This update, based on a press release statement, is part of the routine disclosures that publicly traded companies are required to make, providing investors with up-to-date governance and ownership information. Such disclosures are crucial for maintaining the integrity of financial markets and enabling stakeholders to make informed decisions.
Flutter Entertainment has not provided additional commentary on the implications of the voting rights announcement. The company’s focus on meeting disclosure obligations underlines its commitment to corporate governance standards.
In other recent news, Flutter Entertainment has made several significant announcements and updates. The company reported a 19% increase in revenue and a 26% rise in adjusted earnings before interest, taxes, depreciation, and amortization (AEBITDA) for the full year of 2024, driven by strong U.S. operations. Analysts from Benchmark raised their price target for Flutter to $300, maintaining a Buy rating, while UBS and Stifel also reiterated Buy ratings with targets of $340 and $320, respectively. UBS anticipates a shift towards higher margin products in the U.S. market, while Stifel highlighted potential fiscal challenges but noted the company’s performance aligns with its guidance.
In another development, Flutter Entertainment has filed a block listing application for its ordinary shares, as disclosed in a regulatory announcement. This move is part of the company’s commitment to transparency in financial reporting and regulatory compliance. Meanwhile, Barclays (LON:BARC) provided insights into the online sports betting and iGaming sectors, noting that FanDuel, a Flutter subsidiary, gained in gross gaming revenue and net gaming revenue shares. These developments reflect Flutter Entertainment’s ongoing strategic efforts in expanding its market presence and maintaining investor confidence.
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