Boyd Gaming may sell 5% stake in FanDuel to Flutter Entertainment - Sky News

Published 10/07/2025, 20:10
© Reuters.

Investing.com -- Flutter Entertainment, the owner of Paddy Power (LON:FLTRF) and Betfair, is in advanced discussions to purchase an additional 5% stake in FanDuel from Boyd Gaming (NYSE:BYD), according to Sky News.

The deal is expected to be valued at nearly $2 billion and could be announced this week, as reported by Sky News’ Mark Kleinman on X.

Flutter Entertainment already owns a majority portion of FanDuel, a major U.S. sports betting company. The potential transaction would increase Flutter’s ownership stake in the American gambling platform.

Boyd Gaming currently holds the 5% stake that is under negotiation. Neither company has officially confirmed the talks.

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