FanDuel Parent Company Soars 2 Trillion Won in a Day... Jumped 6% in New York

Flutter Entertainment PLC (NYSE: FLUT) closed at $113.40 on April 14, up 6.22%, lifting its market capitalization to about $20 billion (roughly KRW 29 trillion).

The one-day surge added approximately $1.3 billion (around KRW 2 trillion) in market value, with trading volume totaling 1,188,570 shares.

The company has accelerated its North American iGaming expansion by launching a new online poker platform on April 1 across Michigan, New Jersey, and Pennsylvania. This platform, rolled out through its U.S. subsidiary FanDuel, integrates PokerStars into a single offering.

In March, Flutter reported fiscal 2025 revenue of $16.4 billion (about KRW 24 trillion) and cautioned that tighter U.K. regulations in 2026 could pressure profitability—an outlook that increased its share-price volatility.

As the world’s largest online sports-betting and gaming operator—home to FanDuel, Paddy Power, Betfair, and PokerStars—Flutter derives a substantial portion of its revenue from the U.S. market.

In May 2024, it moved its primary listing from the London Stock Exchange to the New York Stock Exchange to broaden its U.S. investor base. Despite intensifying regulation and competition, Flutter continues to pursue a growth-stock premium through aggressive acquisitions and new product launches.