miami club casino welcome bonusInvestors are cheering the news, with Flutter’s US-listed shares up more than 10 percent in early trading.Our intention has always been to increase our stake in the business, and I’m delighted to be able to do so earlier than originally planned and at a discount to its closest peer,” said Flutter CEO Peter Jackson in a statement.Jackson doesn’t identify that peer. (Image: Troy Taormina/USA TODAY Sports)The blank-check firm revealed the date in a Schedule 14A filing with the Securities and Exchange Commission (SEC) today after the close of US markets. Flutter upped its stake in the gaming company in a big way today. chukchansi casino membershipThe vote is anticipated during a virtual meeting scheduled for Dec. lake tahoe casino entertainmentIt’s also occurring at a discount to fair market value, owing to Fastball’s minority position in FanDuel, among other factors. It’s funding the deal with .088 billion in cash from its balance sheet and with .470 billion raised via the sale of 11.7 million shares of equity, a transaction that was also announced today.Flutter says the deal removes “considerable uncertainty” regarding its buyout obligations of Fastball’s interest in the business. chukchansi casino online

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online gambling brandsBut that relationship is being terminated via Flutter’s buyout offer.“The transaction leaves Flutter with 95 percent of its prize asset, and clears up uncertainty that has overhung the shares,lake tahoe casino entertainment” Jefferies analyst James Wheatcroft said in a note to clients today.Boyd Gaming (NYSE:BYD) owns the remaining five percent.Interesting TimingFlutter publicizing the buyout of Fastball’s FanDuel equity comes just two days after New York Supreme Court Justice Andrea Masley heard initial arguments in a now long-running suit brought by the daily fantasy sports (DFS) company’s founders. (Image: NY Post)Flutter is the world’s largest online gaming company. Houston Rockets owner Tilman Fertitta, seen here at a game in 2019. casino saratoga nyInvestors are cheering the news, with Flutter’s US-listed shares up more than 10 percent in early trading.Our intention has always been to increase our stake in the business, and I’m delighted to be able to do so earlier than originally planned and at a discount to its closest peer,” said Flutter CEO Peter Jackson in a statement.Jackson doesn’t identify that peer. But investors in Landcadia Holdings II, Inc. Thalake tahoe casino entertainmentt price is all the more notable when considering FanDuel, not its rival, is the largest online sports betting operator in the US.Cementing Relationship with FoxFox Corp. cashman casino post

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