|Bid||14,610.00 x 0|
|Ask||14,620.00 x 0|
|Day's range||14,440.00 - 14,720.00|
|52-week range||7,089.22 - 19,680.80|
|Beta (5Y monthly)||0.86|
|PE ratio (TTM)||513.16|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||09 Apr 2020|
|1y target est||6,690.83|
US gambling firms have been tapping into the expertise of UK rivals in recent months as sports betting has taken off in America and a rise in online gambling during the COVID pandemic.
As more states continue to legalize sports gambling, companies like FanDuel are seeing massive growth in the industry.
The boss of one of the world’s biggest gambling firms has denied that legal action by Rupert Murdoch’s Fox Corporation will stop a lucrative float of its market-leading US arm. Peter Jackson, the chief executive of Flutter Entertainment, said Fox had “no right” to prevent a potential float of FanDuel that could value the American subsidiary at more than $11bn (£8bn). A legal row erupted earlier this month over Fox’s option to buy 18.6pc of FanDuel from Flutter. Fox claimed it was entitled to acquire the stake at a lower historical price, but Flutter said it must pay “fair market value” based on a higher value this summer. Originally a fantasy betting website, FanDuel is the most popular sports wagering website in the US. As a decades-long ban on sports betting is repealed on a state-by-state basis, the company has built a 40pc share of what is expected to be the world’s biggest regulated market.