Flutter Entertainment’s Bold Leap to the New York Stock Exchange

Paddy Power’s subsidiary Flutter Entertainment has received impressive support from shareholders, garnering a whopping 98% of votes, for moving its listing on a major stock exchange to New York. The decision was announced at the company’s annual general meeting and marks a significant shift for the gambling giant. The company expects to complete this measure by the end of May, bringing notable change to London’s financial markets.

The move to the US was described by Flutter CEO Peter Jackson as a strategic realignment towards the company’s “natural home”. This statement comes after the company acknowledged that more than half of Flutter’s shareholders are based in the United States, solidifying the logic behind this strategic change. The move also reflects a broader trend among multinationals who are increasingly choosing U.S. exchanges, drawn by Wall Street’s higher valuations and liquidity. The company’s growing dominance of the U.S. market, particularly through the success of its subsidiaries like FanDuel, played a role in this decision.

We continue to execute on our strategy and remain committed to further listing on the NYSE on January 29th. This is a pivotal moment for Flutter, as it will give us access to the deepest and most liquid capital markets in the world. We’re incredibly optimistic about the year ahead as Flutter Edge enables brands to win in their local markets while leveraging global scale.

This trend isn’t just about better market conditions in the United States. London’s declining role as an international financial hub is further highlighted by Flutter’s departure. It follows similar moves by companies such as Tui and CRH, which are leaving amid a range of global economic changes, challenging London’s ability to retain major businesses.

Growth of the US online gambling industry

The U.S. online gambling industry has experienced significant growth over the past decade, driven by legislative changes and technological advancements. It is expected to grow at an annual rate. 12% Between 2024 and 2030

A defining moment came in 2018 when the Supreme Court struck down the Professional and Amateur Sports Protection Act, paving the way for states to legalize sports betting. Since then, a significant number of states have quickly opened their markets, resulting in a surge in legal sports betting. This expansion has been complemented by the rise of mobile and internet gaming platforms, making gambling more accessible to the American public. Companies like DraftKings, FanDuel, and MGM Resorts have led the way in capturing significant market share with user-friendly apps that offer a variety of betting options across sports and casino games.

Flutter’s growing interest in the U.S. is fueled by FanDuel’s explosive growth, especially after the legalization of sports betting in 2018. FanDuel itself has experienced massive growth, including a 45.9% increase in sports betting revenue during fiscal 2023 in the United States. This surge has helped FanDuel solidify its position as a leading player in the U.S. market despite stiff competition from competitors like DraftKings. The brand’s ability to attract 3.7 million new players last year highlights its strong market presence and effective go-to-market strategy across multiple states.

Despite the enormous potential, competition is still very fierce, with new entrants like ESPN BET looking to disrupt the status quo and gain market share.

Flutter view

Despite the geographic shift of major listings, Jackson made it clear that Ireland remains a core part of Flutter’s identity, given its origins and historical significance. However, moving away from the FTSE 100 index marks a fundamental change in Flutter’s corporate strategy and adaptation to the evolving global market environment.

Mega Dice’s ICO stimulates cryptocurrency market with launch of $DICE token

Recently, Mega Dice, a well-known cryptocurrency casino, launched an ICO that quickly garnered a lot of attention, raising over $500,000 in its new token, $DICE. Enthusiasm for $DICE is palpable as cryptocurrency enthusiasts and investors are quickly snapping up the token in anticipation of a potential price rise. This pre-sale is part of Mega Dice’s strategic plan to establish itself as the dominant GameFi platform on the Solana blockchain. Currently, each $DICE token is priced at $0.069 and can be purchased using cryptocurrencies such as SOL, ETH or BNB. The casino has set the total supply of $DICE tokens at 420 million, with 147 million (or 35%) allocated to the pre-sale phase. Additionally, 15% of tokens are set aside for airdrops to engage and reward the casino’s user base, another 15% are allocated to the liquidity pool, and the same amount is allocated to the casino’s own $DICE pool.

Additionally, Mega Dice plans to utilize 10% of the total token supply as staking rewards, promising additional returns to token holders. The remaining 10% is divided between affiliate incentives and marketing activities, including collaboration with key opinion leaders (KOLs), split equally at 5% each. The rapid momentum of the pre-sale and Mega Dice’s strategic proposition highlights the potential high return on the initial investment in $DICE, with possible returns expected to range from 100x to 150x. This potential is amplified by Mega Dice’s status as the world’s first licensed casino on messaging platform Telegram. This could significantly expand the user base and increase the market value of $DICE in the near future.

You can check the latest updates and announcements from Mega Dice through: MegaDice Official Twitter.

The buzz around Mega Dice’s $DICE token isn’t just about its initial fundraising success. The casino captivated the market with a sizable $2.25 million airdrop campaign spanning three distinct “seasons.” In the first season, active players who reach the $5,000 betting threshold within 21 days will have a share of the $750,000 pool, calculated based on the estimated market value of $DICE at launch. The excitement continues in Seasons 2 and 3, with an additional $1.5 million available to those who maintain betting activity from the pre-sale phase until $DICE is officially listed on exchanges. This rewards model essentially encourages continued participation on the Mega Dice platform, promising significant returns to consistent players. In addition to airdrops, token holders who participate in staking can also receive daily dividends from casino profits, making holding $DICE even more attractive.

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Mega Dice also offers exclusive benefits to high-spending players and VIPs, including limited edition NFTs and a lucrative 25% referral commission structure. These initiatives demonstrate why investor expectations for the $DICE token presale are soaring. For potential buyers interested in understanding the potential long-term value of $DICE and how to participate in the ongoing pre-sale, Mega Dice provides comprehensive guides and price predictions to solidify its ambitions to revolutionize the GambleFi sector and secure its future. Lay a solid foundation for In the highly competitive cryptocurrency gambling market.

To learn more about the $DICE token and how to participate in the presale, visit the Mega Dice official site.

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