1107 GMT - Flutter Entertainment is well-placed for accelerating capital returns in 2025, Peel Hunt analysts Ivor Jones and Douglas Jack write in a note. The parent company of FanDuel and other gaming and gambling brands will likely benefit from its exposure to the U.S. market. The U.K. brokerage now values Flutter's U.S. business at $36 billion, twice the level of its previous valuation. "This is driven in part by political change in the U.S., but mainly by the continued market leadership of Flutter in a growing market," the analysts add. Shares closed Friday at $267.27. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
January 27, 2025 06:07 ET (11:07 GMT)
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