Flutter Entertainment hopes that more Americans will gamble (online) even more
By Chris Bailey | Friday 12 August 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I called Flutter Entertainment (FLTR) an avoid just before Christmas last year and I guess, as year-to-date it is down over 12%, it has been better not to own shares in the company you and I used to know as “Paddy Power”. But as I write today the stock is up over 8% after announcing its first half numbers. Time to bet on a betting company?
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