Who Owns Stake?
Stake is owned by Flutter Entertainment Limited, a publicly traded Irish online gambling company. Stake operates as an online sports betting and gaming platform, providing sports betting, casino games, and esports wagering services to users globally.
Parent Company
Flutter Entertainment Limited
Acquired
2021
Status
Publicly Traded
Headquarters
Dublin, Ireland
Who Owns Stake?
- Parent Company: Flutter Entertainment Limited
- Ownership Type: Subsidiary
- Acquisition Year: 2021
- Company Type: Publicly Traded
- Stock Ticker: LSE/NYSE: FLTR
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Stake | Flutter Entertainment Limited | Subsidiary |
History of Stake
- Founded: 2017
- Founders: Edward Craven, Bijan Tehrani
- Acquired by Flutter Entertainment Limited: 2021
Stake was founded in 2017 by Edward Craven and Bijan Tehrani as an online sports betting and gaming platform. The platform launched with a focus on cryptocurrency integration, allowing users to bet using Bitcoin and other digital currencies. This differentiation helped Stake attract a tech-savvy user base interested in cryptocurrency-based gambling.
In its early years, Stake expanded its offerings to include traditional sports betting, casino games, and esports wagering. The platform gained significant traction in international markets, particularly in Australia and other regions outside traditional gambling hubs. Stake's cryptocurrency-friendly approach and modern user interface attracted millions of users globally.
In 2021, Flutter Entertainment acquired Stake for a reported valuation in the hundreds of millions of dollars. This acquisition integrated Stake into Flutter's portfolio of online gambling brands, providing access to Flutter's technology infrastructure, regulatory expertise, and distribution networks. The acquisition accelerated Stake's expansion and product development.
Following the acquisition, Stake continued to expand its market presence while maintaining its brand identity and cryptocurrency integration features. The platform invested in additional sports betting offerings, casino games, and esports wagering to compete in the growing online gambling market.
About Flutter Entertainment Limited
Flutter Entertainment Limited is a publicly traded Irish online gambling company headquartered in Dublin, Ireland. The company is one of the world's largest online gambling operators, with operations across multiple countries and jurisdictions. Flutter Entertainment is listed on the London Stock Exchange (LSE: FLTR) and New York Stock Exchange (NYSE: FLTR).
The company operates across multiple gambling verticals including sports betting, poker, casino games, and esports wagering. Flutter Entertainment maintains operations in numerous countries and jurisdictions, serving millions of customers globally. The company employs thousands of people across its offices worldwide and invests heavily in technology, product development, and responsible gambling initiatives.
Flutter Entertainment's business strategy emphasizes geographic diversification, product innovation, and operational excellence. The company invests in technology infrastructure, customer acquisition, and retention to maintain competitive advantages in the global online gambling market.
- Founded: 1997
- Headquarters: Dublin, Ireland
- Company Type: Publicly Traded
- Stock: LSE/NYSE: FLTR
Where Is Stake Made / Based?
- Headquarters: Dublin, Ireland
- Manufacturing / Operations: Ireland, Australia, United States
Stake Ownership: Pros & Cons
Advantages
- +Backed by Flutter Entertainment's significant financial resources and expertise
- +Access to Flutter's technology infrastructure and regulatory knowledge
- +Integration with other Flutter brands and cross-promotion opportunities
- +Cryptocurrency integration offering unique value proposition
- +Global reach and operational scale
- +Professional management and corporate governance
Considerations
- -Regulatory oversight from gambling authorities in multiple jurisdictions
- -Exposure to gambling industry volatility and regulatory changes
- -Dependency on Flutter Entertainment's strategic priorities
- -Potential restrictions on cryptocurrency-based gambling in some regions
- -Responsible gambling and social impact concerns
- -Competition from other major online gambling operators
Frequently Asked Questions About Stake
Competitors to Stake
No direct competitors found in the same category. This could be because Stakeoperates in a unique market segment or we're still building our competitor database.
Flutter Entertainment Limited Stock Information
Jobs at Flutter Entertainment Limited
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