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It’s hard to fancy Flutter as the UK national lottery operator
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An absence of deal-making is one reason why Flutter Entertainment, the £20bn gambling conglomerate that takes in Paddy Power, Betfair, Sky Bet, PokerStars and more, has been one of the worst share price performers in the FTSE 100 index this year. The stock is down by a quarter.
Investors had expected the liberalising US market, where Flutter looks well placed with its FanDuel operation, to deliver the adrenaline rush of highly priced consolidation, but it never quite happened. Two US firms made
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