BlackRock boosts stake in Flutter Entertainment to 5.12%

(AsiaGameHub) –   BlackRock has raised its ownership in Flutter Entertainment to 5.12%, bolstering the company’s expanding group of U.S.-based investors as Flutter intensifies its focus on the American market.

Recent confirmation from Flutter that it may decide whether to retain its listing on the London Stock Exchange for its common stock has raised concerns among UK investors. With the United States now serving as Flutter’s main market, the company reported $1.76 billion in revenue from its U.S. operations during Q1 2026, accounting for 41% of total revenues across all subsidiaries. Revenue from FanDuel continues to rise and is a key driver of this growth, with a 19% increase in iGaming revenue compared to the previous year.

By moving its primary listing from London to New York in 2024, Flutter has demonstrated a strong commitment to the fast-growing online sports betting industry in the United States. At present, FanDuel holds approximately 44% share of the U.S. sports betting market, making it essential to Flutter’s long-term strategy.

FanDuel’s internal structure has also undergone changes, including the appointment of Dan Taylor as President of Flutter Entertainment, responsible for overseeing all FanDuel-related activities; Christian Genetski will lead nearly all other aspects of the company’s U.S. operations following Amy Howe’s departure.

BlackRock’s increased investment further strengthens the presence of U.S.-based institutional investors among Flutter’s large base of public shareholders. The ongoing debate about Flutter’s growing ties to U.S. capital markets versus the London Stock Exchange is expected to intensify.