June 12 (Reuters) – FanDuel-owner Flutter Entertainment said on Friday it would delist from the London Stock Exchange in August, while retaining its listing on the New York Stock Exchange, dealing a fresh blow to the British city’s financial markets.
The betting giant said the decision to delist was in the best interests of its shareholders.
Flutter joins a growing list of companies that have either shelved plans to list in London, exited the market altogether, or aimed to better capitalise on stronger foreign markets by demoting or scrapping their London listing.
(Reporting by Prerna Bedi in Bengaluru; Editing by Mrigank Dhaniwala)
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