Cayman Islands-based billionaire KennethDart, heir to a foam-cup manufacturing fortune, is nearing a 30 per cent stake in FlutterEntertainment, Joe Brennan reports ... READ MORE. Ireland banned nuclear power for a world that no longer exists ... .
Cayman Islands-based billionaire KennethDart is nearing a 30 per cent stake in FlutterEntertainment but is expected to avoid the usual requirement to launch a takeover bid if he reaches that threshold because of the structure of his holding.
The FanDuel owner said trading volumes and regulatory costs meant delisting from the U.K. exchange was in the best interests of the company and shareholders ... .
One of the clearest beneficiaries could be the travel and lodging industry. B ... Macquarie identified FlutterEntertainment, owner of FanDuel, as one of the best-positioned companies ... The World Cup could also provide a platform for global consumer brands.