Flutter Entertainment bets on growth with £812m share sale

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Flutter Entertainment bets on growth with £812m share sale

Aidan Gregory
May 29, 2020 04:00 pm
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A message in the window of the betting shop Paddy Power in Glasgow as the UK continues in lockdown to help curb the spread of the coronavirus. | Andrew Milligan/PA

Flutter Entertainment, the parent of bookies Paddy Power and Betfair, has sold £812m of new shares to institutional investors to reduce debt and position itself for further growth once sporting events around the world are allowed to resume and its retail stores are permitted to reopen.

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