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Flutter agrees to acquire Boyd's remaining 5% FanDuel stake for $1.755bn

Deals & M&A

Flutter announced an agreement with Boyd Gaming to acquire its remaining 5% stake in FanDuel for approximately $1.755bn, taking Flutter's ownership to 100%. The deal would extend Flutter's partnership with Boyd to 2038 and is expected to close in Q3 2025, subject to regulatory approvals; Flutter said it would use a $1.75bn bridge loan to finance the transaction.

The proposed deal would give Flutter full ownership of FanDuel and extend its commercial arrangement with Boyd through 2038.

End-of-day close Flutter (FLUT), USD, to 29 August 2025
Story date2 June 202529 August 2025

Latest reported results

Flutter NYSE: FLUT

Quarter ended 30 September 2026

Revenue
USD 3.87bn
Operating income
−USD 1.19bn10-Q filing 0001635327-26-000059

Boyd Gaming NYSE: BYD

Quarter ended 30 September 2026

Revenue
USD 990.5m10-Q filing 0001437749-26-033786
Operating income
USD 194.9m10-Q filing 0001437749-26-033786

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