Flutter Entertainment

Positioning for growth in a changing gaming sector

  • Sectors : Gaming
  • Companies : Flutter Entertainment

Ratings and price correct at time of issue.

  • Flutter Entertainment

    Closing Price: 7600p

  • RATING 08/05/19

  • PREVIOUS RATING 29/08/17



Flutter Entertainment’s (Flutter) acquisition of The Stars Group (TSG) reflects the now much-changed opportunity and risk set for the global gaming sector. It should materially improve the group’s position in relation to fast-emerging new opportunities (US, Rest of World) but also its more core, more at-risk, markets. All told, it should strengthen the group’s medium-term growth prospects, with strategic merits outweighing identifiable risks. We reiterate our ‘Outperform’ recommendation and believe the company’s enhanced position has yet to be reflected in the stock price.

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Oct 16 2019, 06:30 IST/BST