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boomtown casino entertainmenting out .175 billion to acquire 37.2 percent of FanDuel controlled by Fastball Holdings LLC. ing out .175 billion to acquire 37.2 percent of FanDuel controlled by Fastball Holdings LLC. The transaction will increase the Irish gaming company’s stake in the sportsbook operator to 95 percent from 57.8 percent. But the operator did say it’s forecasting year-end financial leverage to be 3x adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) as a result of the Fastball buyout, putting it on pace to meet its medium-term leverage goal of 1x to 2x.Investors 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. ing out .175 billion to acquire 37.2 percent of FanDuel controlled by Fastball Holdings LLC. free casino slots play now