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The move initially appeared to work. Flutter had a market capitalisation of about $36 billion when it began trading in New York in January 2024, rising to roughly $50 billion by June the following year. Flutter’s value later fell sharply as investors lowered their earnings expectations.
In the second quarter of 2026, Flutter’s US revenue fell 6% to $1.683 billion, while sportsbook revenue fell 15%. US adjusted EBITDA fell sharply, and Flutter subsequently reduced its guidance. Despite this, FanDuel retained the number-one US sportsbook position, with Flutter reporting a 39% share of US sportsbook gross gaming revenue.
Ben Robinson, managing partner at Corfai, argues that the American listing achieved what it was supposed to achieve. The problems came afterwards. “The question was which arm of the K-shaped market Flutter would end up on. We have the answer now. Capital is concentrated in a narrow band of technology names and everything else is being marked on earnings.”
About Chin Shi Huang
Having received its licence in Peru in August 2024, Escobar argues Stake’s global scale delivers an advantage only when it is paired with a deep understanding of the Peruvian market and its players.
“We benefit from world-class technology, a market-leading product and one of the strongest brands in the industry, but success isn’t achieved simply by bringing a global platform into a new market,” Escobar says. “We’ve invested heavily in understanding Peruvian players, building local partnerships, working with creators, supporting football and tailoring our marketing and customer experience to local preferences.
“That balance between global capability and local relevance has allowed us to establish a strong position in one of Latin America’s most competitive markets.”
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Elsewhere, there are some superstars of the game who are taking their places lined up behind the leaders in pursuit of poker profit. Canadian poker legend Sam Greenwood comes into the final a little short-stack with 1.9 million chips, but he’s immediately followed by another luminary of the game in Mikita Badziakowski. The Belarussian only has 1.4 million but will be doing everything he can to get over the line. The final table betting prices are slightly different to the order in which the players find themselves in the chipcounts:
As you can see, David Yan has enjoyed the most money being places on him and goes into play as the 4.12 odds favourite. He may have the most money placed on him, but almost double the number of bettors rate the Swedish pro Astedt as a good shot to see out the win for the first time. Sam Greenwood is tempting plenty of punters at odds of 10 and 103 people have invested in the Canadian to upset the chipcounts.
With a massive $452,885 up for grabs to the winner and $349,222 for the runner-up, 9th place will win just $56,610 so expect the competition to be fierce and the action to be fast in the latest GGPoker Super MILLION$ final table.