Last week, the online gambling sector showed modest overall growth of +1%, with standout performances from Flutter and Bragg (+6% each), while FDJ and OPAP lagged behind. Flutter’s strong gains were driven by its full acquisition of FanDuel, signaling strategic expansion in the U.S., whereas FDJ’s shares dropped sharply after announcing a follow-on equity offering that concerned investors.
Overview
- Average growth – On average, share prices analyzed increased by +1% in the last week.
- “Winner” – The most significant leap in our sample of online gambling-focused companies was taken by Flutter with an increase of +6%, followed by Bragg (+6%).
- “Loser” – FDJ and OPAP had the worst weekly performance in our analysis, with a change of -7% and -3%.
- Comparison to the Nasdaq Composite – Compared to the development of the Nasdaq Composite (+0.8%), the average development of the online gambling industry looks only slightly “worse”.
Segment-specific developments
- Online-focused operators – The shares of online-focused operators included in the analysis saw, on average, a decrease of +1%; with Flutter (+6%) leading the ranking.
- Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, Entain is the “winner” with +3% while the average share development was -1%.
- Suppliers – The shares of the suppliers included in the analysis saw, on average, an increase of +1%, with Bragg (+6%) leading the ranking.
- Affiliates – On average, affiliates’ shares saw an increase of +2% with Gentoo Media (+6%) leading and Gambling.com (-3%) coming last.
Flutter’s rise
Flutter shares jumped last week after the company confirmed it will acquire the remaining 5% of FanDuel from Boyd Gaming for about $1.76 billion, taking full ownership of the U.S. sportsbook valued at roughly $31 billion . The move was seen by the market as a strong strategic play—extending a long-term partnership with Boyd, boosting profitability by around $65 million annually, and solidifying FanDuel’s dominant 43% U.S. market share.
FDJ’s decline
Last week FDJ Group (FDJ United) shares dropped following the company’s July 9 announcement of a follow‑on equity offering, which weighed on investor sentiment.
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