Interestingly, that’s also the meeting at which shareholders will vote on the proposal to list Flutter shares on the Nasdaq or New York Stock Exchange (NYSE). ![]() The Paddy Power owner holds its annual investor later this month and that could be an ideal time for a chairman announcement. The Sky News article doesn’t mention when Flutter could announce Bryant, or anyone else, as its next chairman. Bryant Could Be Integral to Flutter US Listing He holds degrees from the Australian National University and the Wharton School as well as cybersecurity certification from Harvard Extension School. That background could stoke speculation Flutter will eventually list its stock in the US, which the gaming company said in February it’s examining.īryant’s LinkedIn profile indicates the executive doesn’t have gaming industry experience. the latter two of which trade in New York. He currently serves on the boards of directors at Coca-Cola Europacific Partners Plc, Ball Corporation and Macy’s Inc. McGann has been a Flutter board member for nearly nine years, meaning his status as an independent director ceases at the end of this year under UK corporate governance laws, reports Sky News.įormerly chief executive officer of consumer staples giant Kellogg, Bryant has duel American and Australian citizenship. The FanDuel parent is reportedly in discussions with John Bryant regarding the chairman role, which is being vacated by Gary McGann. He could be the next chairman of the board at Flutter Entertainment. Operating profit for the UK&I online division was €303m for the six months period.Flutter Chairman Rumor Could Confirm US Stock Listingįlutter Entertainment (OTC: PDYPY) is close to hiring a new chairman and that candidate’s background could signal the gaming company will forge ahead with plans to list its stock in the US. Sportsbook stakes totalled €4.5bn in the period, with sports revenue making up 56% of total online revenue and gaming revenue the balance. Paddy Power has priced the five-time champions Brazil as current favourites to lift the World Cup, at 7/2.Įngland captain Harry Kane is 15/2 favourite to win the Golden Boot for top goal scorer.įlutter had 3.7 million online punters in Ireland and the UK in the first half of 2022. The Paddy Power owner expects its betting brands to process c.£300m (€340) in tournament bets (Photo by Artur Widak/NurPhoto via Getty Images) “With 9.5m average monthly players now engaging with our brands around the world, many of whom are likely to bet on their own country, our global Risk and Trading operation must provide a compelling World Cup proposition, distribute accurate prices and manage risk effectively across the group.”Ĭrosthwaite explained that risk assessment spans a sophisticated simulator that plays out the tournament thousands of times, predicting a unique winner based on several variables. Group chief trading officer Dom Crosthwaite said: “Our UK and Ireland brands are set to manage over £300m in stakes, but we expect global customer interest considering the involvement of countries such as the USA, Australia, Spain and Brazil – all important markets to Flutter. ![]() The company said around 100 staff will be involved in handling the World Cup sportsbook, in roles such as in-play and pre-match traders, odds compilers, performance analysts, and product managers.Ĭombined, this group operates a ‘follow-the-sun’ model across trading centres in Dublin, Melbourne, and New Jersey, with the pricing model developed by Flutter UK&I distributed across the world and underpinning prices for 250 markets for each World Cup game.
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