Fox’s Call Option and Boyd’s Payday
The agreement leaves Fox Corp. sitting on an option to snap up an 18.6 % FanDuel stake by December 2030, a right it secured in a 2022 arbitration showdown. Meanwhile, Boyd says the $1.76 billion windfall will whittle debt and bankroll property upgrades. “This unlocks the tremendous unrealized value our FanDuel investment created,” President & CEO Keith Smith said, likening the cash infusion to “hitting blackjack while already ahead.”
Regulatory Roulette and Flutter’s Global Gambits
Regulators still need to bless the pact—closing is expected by September—but Flutter’s recent run suggests momentum: the company listed on the NYSE in January 2024, scrapping an Euronext Dublin secondary float, and in September snapped up Playtech’s Italian sports‑betting arm for €2.3 billion ($2.6 billion).
In the high‑stakes race for American wagering supremacy, Flutter’s latest chip push reads like a headline act: a dealer’s flip that could redraw the table—and, like a last‑second Hail Mary finding the end zone, electrifies an already roaring crowd.
