Paddy Power owner Flutter scraps London listing in major blow to city’s financial markets

Paddy Power and Betfair owner Flutter Entertainment is going to focus on the New York market - (Alamy/PA)

Flutter, the owner of betting giants Paddy Power, Betfair, and SkyBet, is set to scrap its London listing, marking another significant blow to the capital’s financial markets.

The gambling giant will now fully concentrate on the New York market as it continues its rapid expansion across the United States.