FanDuel: An $11 Billion Company

With FanDuel receiving an $11.22 billion valuation yesterday, Flutter Entertainment's previous equity investment has skyrocketed — but what about Boyd Gaming?

Friends,

Flutter Entertainment, a bookmaking holding company which houses brands like Betfair, Paddy Power, Sky Bet, and FoxBet, announced yesterday that they will be acquiring an additional 37.2% of FanDuel for $4.18 billion.

The deal will increase Flutter’s ownership stake to ~95% and values the leading US sports gambling operator at more than $11 billi…