At a Glance
- Legal name
- Flutter Entertainment plc
- Registry number
- 16956 · verify
- Jurisdiction
- Ireland
- Ownership
- public
- Listed on
- NYSE (FLUT)
- Employees
- 10000+
- Revenue (est.)
- $10B+
- Headquarters
- Belfield Office Park, Beech Hill Road, Clonskeagh, Dublin 4, D04 V972, Ireland
Flutter Entertainment plc is the largest online sports betting and gaming group in the world, operating in more than 100 regulated markets with more than 14 million average monthly players.
Flutter Entertainment plc is the largest online sports betting and gaming group in the world, operating in more than 100 regulated markets with more than 14 million average monthly players. The group owns FanDuel, the leading US sportsbook and daily fantasy platform; Paddy Power, the flagship Irish bookmaker; Betfair, the global betting exchange pioneer; Sky Betting and Gaming in the United Kingdom; Sisal in Italy; PokerStars internationally; and numerous regional brands including Junglee Games in India and Adjarabet in Georgia. Flutter Entertainment plc is incorporated in Ireland under the Companies Act 2014 with Companies Registration Office number 16956, and its registered office is at Belfield Office Park in Dublin 4. The group was created by the 2016 merger of Paddy Power and Betfair and renamed Flutter Entertainment in 2019, followed by the transformational 2020 combination with The Stars Group. Fiscal 2024 revenue exceeded 14.0 billion dollars and adjusted EBITDA was above 2.3 billion dollars. Shares trade on both the New York Stock Exchange as FLUT and the London Stock Exchange as FLTR, with NYSE made the primary listing in 2024.
- 1
Parent-subsidiary layout
Flutter Entertainment plc is the clearest example of how an Irish plc can orchestrate a global gambling consolidation. The current legal structure traces to 1988, when Paddy Power was incorporated in Dublin, and to a 2016 merger with UK-listed Betfair that created Paddy Power Betfair plc, an Irish holding company listed in London. The entity was renamed Flutter Entertainment plc in May 2019, and a 2020 all-share acquisition of The Stars Group, owner of PokerStars, added a second transatlantic platform with US ambitions.
- 2
Acquisition story
FanDuel, acquired in stages through the Betfair legacy, became the growth engine once the US Supreme Court struck down PASPA in 2018 and states began to regulate sports betting. Ireland's company law accommodates those deals efficiently: Irish schemes of arrangement, inherited from English law, have proven reliable for cross-border gambling mergers that involve multiple regulators. The group is authorised by the Irish Revenue Commissioners, the UK Gambling Commission, the New Jersey Division of Gaming Enforcement, the Italian ADM, and dozens of other regulators, and Irish parent-level disclosures coordinate between them.
- 3
Parent-subsidiary layout
In 2024 Flutter executed a carefully structured secondary US listing, then promoted New York to primary listing status, with the London line staying as a secondary venue to preserve FTSE index eligibility for UK funds. The 12.5 percent Irish trading tax rate, treaty access, and a deep pool of gaming executives in Dublin underpin the decision to keep the Irish plc at the top of the group. Taken together, the Irish holding company plus regulated operating subsidiaries per market represent a prototype replicated by multiple gaming consolidators.
Key People
Peter Jackson
CEO
From Wikidata
Corporate Timeline
- Jan 2016Incorporation
Flutter Entertainment founded
Incorporated in 2016
Replicate Flutter Entertainment's structure in 4 steps
The formation playbook, distilled from how this company was actually set up.
UK incorporation
Flutter Entertainment plc is the ultimate Irish parent, incorporated as a public limited company at the Companies Registration Office under number 16956.
Parent-subsidiary layout
Beneath it sit regulated operating subsidiaries per brand and jurisdiction, including FanDuel Group Inc in the United States, Paddy Power Betfair Services Limited in Ireland, PPB Entertainment Limited in the United Kingdom, PokerStars entities, Sisal S.p.A.
in Italy, and Junglee Games in India
in Italy, and Junglee Games in India.
Parent-subsidiary layout
Each subsidiary holds the relevant local gaming licence and files under local gambling-regulator regimes. The Irish parent holds the group cap table, sets dividend policy, and files Irish statutory accounts at the CRO alongside SEC 10-K reports for NYSE and UK Listing Authority disclosures for LSE. Schemes of arrangement under the Irish Companies Act 2014 drove the 2016 merger and subsequent listing moves.
Comparable Companies
Recent News & Filings
- Flutter Cancels Another Tranche of Shares Under $5bn Buyback Plan - TipRanksTipRanks · 24 Apr 2026
- Kenneth Dart (FLUT) adds exposure via 86,162-share total return swap - Stock TitanStock Titan · 22 Apr 2026
- BTIG Maintains Flutter Entertainment(FLUT.US) With Buy Rating, Cuts Target Price to $137 - 富途牛牛富途牛牛 · 22 Apr 2026
- Flutter Entertainment (NYSE:FLUT) Price Target Cut to $140.00 by Analysts at Truist Financial - MarketBeatMarketBeat · 21 Apr 2026
- Is Flutter Entertainment (NYSE:FLUT) Starting To Look Attractive After A 50% Share Price Slide - Yahoo FinanceYahoo Finance · 20 Apr 2026
Frequently Asked Questions
Where is Flutter Entertainment plc listed?
Flutter Entertainment plc is listed on the New York Stock Exchange under ticker FLUT, which became the primary listing in 2024, and on the London Stock Exchange under ticker FLTR as a secondary listing. The dual-listed structure preserves UK index eligibility while giving access to deeper US liquidity that reflects FanDuel's scale. Ireland remains the legal domicile, with statutory filings at the CRO.
Is Flutter the same company as Paddy Power?
Paddy Power is one brand within the Flutter Entertainment plc group. Paddy Power Betfair plc, created by the 2016 merger of Paddy Power and Betfair, was renamed Flutter Entertainment plc in May 2019 to reflect the much broader portfolio that now includes FanDuel, PokerStars, Sky Bet, Sisal, Junglee Games, and other brands. Paddy Power operations continue under their own licences in Ireland and the United Kingdom.
Why is Flutter Entertainment plc incorporated in Ireland?
Ireland hosts the original Paddy Power business, a 12.5 percent trading tax rate, common-law schemes of arrangement that facilitate cross-border mergers, and a wide double-tax treaty network. Irish company law proved flexible enough to accommodate the 2016 merger with Betfair, the 2019 rename, the 2020 combination with The Stars Group, and the 2024 US listing, all without redomicile, which kept regulatory relationships with EU gambling authorities stable.
What is Flutter Entertainment's Irish company number?
Flutter Entertainment plc is registered at the Companies Registration Office under number 16956. Statutory accounts, directors, scheme documents, and beneficial ownership details are filed under the Irish Companies Act 2014 and the Central Register of Beneficial Ownership regime. Regulated subsidiaries file separately with their respective gambling regulators and national corporate registries.
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