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Flutter Entertainment PLC - New York-based gambling operator - Prices $1.27 billion in senior secured notes due 2031. The offer consists of $625 million of 5.875% notes and €300 million of 4.0% notes, both issued at par, and £250 million of 6.125% notes, issued at 100.125%. The funds will be used to buy Boyd Gaming Corp’s 5% stake in FanDuel, giving Flutter 100% ownership of the US sports betting operator. Flutter is paying $1.76 billion for Nevada-based Boyd’s holding, giving FanDuel a valuation of $31 billion. Flutter first acquired a controlling stake in FanDuel in 2018 and increased its ownership to 95% in a $4.1 billion deal in 2020. Current stock price: $300.04, closed down 1.8% in New York on Thursday 12-month change: up 54% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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