Flutter Entertainment PLC US CEO and listing update (2994Y)
May 12 2021 - 1:00AM
UK Regulatory
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RNS Number : 2994Y
Flutter Entertainment PLC
12 May 2021
12 May 2021
Flutter Entertainment plc ("Flutter")
US CEO and listing update
Flutter announces that Matt King, Chief Executive Officer of
FanDuel Group, has given notice of his intention to leave the
Group. During his 4 years as CEO, Matt has overseen the
transformation of the business from online daily fantasy sports
operator to the market leader in US online sports betting and
gaming. Matt has agreed to remain with FanDuel while a search
process is undertaken to appoint his successor.
As previously announced, the Flutter Board has been assessing
the potential merits of listing a small stake in FanDuel in the US.
Whilst Matt's departure will affect the timing of any potential US
listing, the Board will continue to keep this option under
review.
Commenting on Matt's decision, Peter Jackson, CEO of Flutter
Entertainment PLC said:
"I would like to take this opportunity to thank Matt for his
considerable contribution in helping to make FanDuel the US market
leader it is today. FanDuel has achieved so much in the 3 years
since PASPA was repealed and that is due in no small part to Matt's
leadership and the strong team built around him. While we will be
sorry to see him leave, he leaves the business in great shape. We
are starting the process of looking for a new CEO for FanDuel and
we remain focused on maintaining our leadership position in the US
market."
FanDuel CEO Matt King said:
"It has been a privilege to lead FanDuel over the last 4 years
through what has been an incredibly exciting period for the
company. With FanDuel well positioned for the next chapter of its
growth and always an entrepreneur at heart, now is the time for me
to take on new opportunities as the next step in my career. I want
to thank Peter and the whole Flutter team for their unwavering
support since acquiring FanDuel 3 years ago. I have no doubt that
the business will continue to go from strength to strength and I
wish all of my colleagues the very best for the future as they
pursue the next stage of growth."
Contacts:
Investor Relations:
David Jennings, Group Director of Investor
Relations & FP&A + 353 87 951 3560
Ciara O'Mullane, Investor Relations + 353 87 947 7862
Liam Kealy, Investor Relations + 353 87 665 2014
Press:
Fi Thorne, Corporate Affairs + 44 75 2111 4787
Lindsay Dunford, Corporate Affairs + 44 79 3197 2959
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END
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