Flutter Tries to Merge Its Luck 🎲

Table of Contents

Flutter Tries to Merge Its Luck 

“The house always wins,” they say. We’ll see about that! Flutter, an enormous gambling house based in Dublin, is goading on American rivals as it seals a mega-merger to help it eat their lunch in the booming sports betting market.

Investors in Flutter will siphon off 50% more from their company next year, thanks to a shoo-in merger between it and The Stars Group (TSG). Flutter will bring Paddy Power and Betfair to the table, while TSG will bring Stars Poker. The united gambling and betting giant will be worth $6 billion, and investors hope those brands will form a winning hand as it chases a massive jackpot.

For Flutter, America truly is a land of opportunity. Since the Federal government gave everyday Americans the green light to gamble on sports games, the race to meet that demand has been fierce. $150 billion in illegal betting is suddenly legal, according to the American Gaming Association. Now, Flutter’s entrance is a strong statement to US incumbents like Wynn Resorts, Caesars Entertainment, MGM Resorts, and DraftKings. The Irish are in town, and they want a share of the pie!

However, despite huge gains this week for investors on both sides of the merger, it isn’t a sure bet over the long-term. The gambling industry is under constant scrutiny. Outside of the red-tape-free zones like Vegas and Macau, gambling epidemics are to be afraid of, and regulation remains tight. Flutter will have to keep its fingers crossed that gaming stays game in markets like Russia and Germany, where laws are still a work in progress. Investors, are you feeling lucky?

Share:
More Posts
Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.