Flutter Entertainment (OTC: PDYPY) has been making waves in the gambling industry with its acquisition of The Stars Group and its popular brands like PokerStars and Sky Bet. As a retail investor, you may be wondering if this stock is a safe bet for your portfolio. Let’s take a closer look.
Firstly, Flutter Entertainment’s stock has been on a steady upward trend since the beginning of 2021, with a 22% increase in value. This can be attributed to the company’s strong financial performance, with a 30% increase in revenue in 2020. Additionally, the company’s recent acquisition of The Stars Group has expanded its presence in the US market, which is expected to see significant growth in the coming years.
But is investing in Flutter Entertainment a sure thing? Not necessarily. As with any investment, there are risks to consider. The gambling industry is highly regulated and subject to changes in laws and regulations, which could impact Flutter Entertainment’s operations and profitability. In addition, the company operates in a competitive market, with other major players such as MGM Resorts and Caesars Entertainment.
That being said, Flutter Entertainment has a strong track record of success in the industry, and its diversified portfolio of brands and platforms provides stability in uncertain times. The company also has a solid balance sheet and a strong cash flow, making it well-positioned for future growth and potential acquisitions.
In conclusion, while there are risks associated with investing in Flutter Entertainment, the company’s recent performance and strategic moves make it a potentially profitable choice for retail investors. As always, it’s important to do your own research and carefully consider your risk tolerance before making any investment decisions. But for those looking to diversify their portfolio and potentially capitalize on the growing gambling market, Flutter Entertainment may be a safe bet after all.