Paddy Power owner Flutter Entertainment has decided to delist from Euronext Dublin, the Irish Stock Exchange, as it plans to add a New York listing in the first quarter of 2024.
Flutter had expressed hopes of staying in Dublin alongside its primary London listing but said today that keeping two listings would"minimise regulatory complexities".
Flutter had said in August that it expected full-year adjusted ex-US core profit to rise to between £1.44 billion and £1.6 billion. Since then, sports results have been"very customer-friendly", it said. Rival 888 Holdings lowered its annual core profit expectations in September after a 10% decline in third-quarter revenue while Ladbrokes owner Entain also warned on annual and third-quarter online net gaming revenue.
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