Flutter Board Member Koeppel Gains NGC License of Company’s NYSE Listing
Last week, the Silver State Gaming Commission (NGC) granted a gaming license to a fellow member of Flutter Entertainment’s (OTC:PDYPY) table of directors in advance of that company’s itemisation on the New York Stock Exchange (NYSE) on Monday.
Independent managing director Buddy Holly Koeppel, the chairwoman of Flutter’s scrutinise committee, was sanctioned for licensing in Nevada. She joined the gameboard of the FanDuel parent in 2021, taking the lead story on the audit citizens committee the following year.
Up until Apr 2018, Holly was a Senior Adviser to Corsair Capital LLC, where she had previously served as Managing Partner and Co-Head of Infrastructure from 2015 until her retirement inward 2017. From 2010 to 2015, Charles Hardin Holley was Partner and Global Co-Head of Citi Infrastructure Investors, a naval division of Citigroup,” according to the Irish Gaelic gaming company’s investor relations website.
Koeppel is also a non-executive theatre director at AES Corporation, Arch Resources, Inc., and British people American Tobacco Plc.
Ideal Timing for Koeppel Licensing
Flutter latterly delisted its vernacular gillyflower from Euronext Dublin, resulting in its remotion from the EUROSTOXX Index, inwards preparation for its NYSE listing. The manipulator told investors that it would maintain its listing on the British capital Stock Exchange (LSE) and thus continue rank inward the FTSE 100 Index- a widely followed standard of measurement of UK-listed equities. Flutter testament patronage inward the US below the stock ticker “FLUT.”
By itemisation on the NYSE, the FanDuel parent testament instantly seemly unity of the largest publically traded gaming companies trading on a US bourse. In addition to FanDuel, Flutter owns Betfair, Mickey Power, PokerStars, and Sisal, among other well-known wagering brands.
While Koeppel is now licensed in Nevada, Flutter has minimum exposure inward the state. The manipulator provides odds and FanDuel branding for the sportsbook at the downtown John C. Fremont Hotel Casino, but it doesn’t take bets anywhere inwards the state.
Boyd Gaming (NYSE: BYD), the operator of the Fremont, owns the 5% of FanDuel that Flutter does not.
NGC Gushes Over Koeppel
Apparently, Koeppel was a hit at the Jan. 25 NGC coming together as Commissioner Ogonna John Brown called the Flutter theatre director “fierce, silver-tongued and polished.”
“You want to live what’s right. Regulation isn’t the rules. As things evolve and the industry changes, regularization needs to accommodate and evolve and maybe young laws want to follow passed,” said Brown. “Knowing what’s redress and doing what needs to be done, if you can do all of those things, you testament live successful.”
Koeppel is I of quaternity women on the Flutter board, all of whom are independent non-executive directors. Former Will Keith Kellog CEO John Bryant took the reins as chairman of the Flutter get on lastly Apr inwards a run many speculated was aimed at facilitating the US stock listing.
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