Speculation about Flutter’s home ignores other Irish successes via IrishTimesBiz
Chief executive Peter Jackson said Flutter wanted its shares traded in London, New York and Dublin. Photograph Nick BradshawEven though it was the bigger company and the stronger brand, once Irish bookie Paddy Power merged with British betting exchange Betfair, speculation began that the enlarged group would move domicile from the Republic to the UK. That got even stronger when the still Irish business took over Canada’s Stars Group and renamed itself Flutter.
It has not gone away since, despite the group’s insistence that it plans to remain headquartered here, noting the key part that its Dublin office plays in developing the risk management and trading systems that are central to many of its businesses around the world. Speculation about the likelihood of an eventual move is likely to redouble now that Flutter plans to take a secondary listing in Wall Street, particularly as there is a question mark over whether it is possible to do this and remain listed in Dublin. The group has run into a technical problem between the two markets’ settlement systems that it is working to resolve.
Chief executive Peter Jackson said after this week’s annual general meeting that, ideally, Flutter wanted its shares traded in London, where it has its primary listing, New York and Dublin, but said the business could not guarantee that it would
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