Flutter Entertainment will cancel its remaining London Stock Exchange listing on 3 August, leaving the gambling group trading solely in New York. Its London-listed history dates back to Paddy Power’s flotation in December 2000.
According to the company, the decision followed a review of its listing structures and reflected the level of trading in London, together with the extra cost and the regulatory and administrative obligations of keeping a second listing. Flutter concluded that the move was in the best interests of the company and its shareholders.
To carry out the change, Flutter filed with the Financial Conduct Authority to cancel the Official List entry for its shares and asked the London exchange to remove them from its main market. Under current FCA rules, shareholder approval is not required if the regulatory conditions are met.
The move caps a shift that began in 2024, when Flutter moved its primary listing to New York and kept London as a secondary market. The company had argued that a US primary listing would give it deeper capital markets, more American investors and greater liquidity, and chief executive Peter Jackson called the NYSE move a pivotal moment.
The delisting itself is administrative. One report said it does not change how many shares exist or what the company is worth, only where they trade. Flutter already does most of its share trading in New York, and the NYSE is now its more active and liquid market.
The share move comes as Flutter’s stock has had a weak year. One report said FLUT was down 49.24% since the start of 2026 and trading at about $111 on 12 June, while another said the shares had lost about half their value this year. The decline has been linked by different reports to worries about prediction markets in the US and to concerns over Flutter’s US growth prospects.
The company is also facing heavier UK tax pressure. Remote gaming duty rose from 21% to 40% on 1 April, and Flutter estimated that the change would cut adjusted EBITDA by about $320 million in 2026 before mitigation, rising to $540 million in 2027. The latest decision sits within a broader retreat from London, where up to 88 companies delisted or moved their primary listing away from the LSE in 2024 and Bloomberg data put the market 20th globally for IPOs, with 18 listings. The final day of London trading is 31 July.
