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Best foot forward: Paddy Power owner Flutter is heading for New York

Paddy Power owner Flutter is hoping to attract US retail investors through its Wall Street listing next month.

The gambling giant plans to shift its main trading from London to New York at the end of May, after a shareholder vote on May 1.

Flutter, which also owns Betfair, is hoping its flourishing US business FanDuel can turn American customers into shareholders. Flutter added a secondary listing in New York in January, which boss Peter Jackson recently described as the company’s ‘natural home’.

Switching its main trading to the US would also help the group move closer towards being included in the S&P 500, according to Jackson.

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