Flutter Entertainment to acquire 5% stake in Fanduel from Boyd Gaming for $1.76bn.

Flutter Entertainment, a global online gaming group, agreed to acquire 5% stake in Fanduel, a sports betting and online gaming platform, from Boyd Gaming, a casino operator, for $1.76bn. "This transaction unlocks the tremendous unrealized value that our investment in FanDuel has created for our Company. As a result, we are in a significantly stronger financial position to continue executing our strategy of investing in our properties, pursuing growth opportunities, returning capital to our shareholders, and maintaining a strong balance sheet," Keith Smith, Boyd Gaiming CEO and President.