· The Paddy Power owner is expanding its footprint in the fast-growing US gambling market
· But a new review of gambling regulations could spell trouble closer to home
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As it looks to expand further into the burgeoning US market, Flutter Entertainment (FLTR) is set to increase its stake in fantasy sports betting company FanDuel to 95 per cent. Pending shareholder approval, it will spend $4.2bn (£3.1bn) to acquire the 37 per cent share held by a consortium of investors that includes private equity giant KKR. The deal will be funded through a combination of cash, shares and a £1.1bn placing.