Treasury officials in the United Kingdom are understood to be weighing proposals, put forward by two influential thinktanks and backed by one of the Labour party’s top five individual donors, to double some of the taxes levied on online casinos and bookmakers, reported The Guardian. Shares of Flutter Entertainment are down $14.57, or 6%, to $226.07 in late Friday trading in New York following the report.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLUT:
- Flutter Entertainment price target raised to $273 from $230 at Susquehanna
- Bet On It: Light & Wonder issues update on Dragon Train injunction compliance
- Flutter Entertainment Enhances Incentive Schemes with New Share Listing
- Flutter’s FanDuel sued by ex-Jaguars executive over gambling addiction
- Flutter Entertainment Discloses Total Voting Rights