Last week, the Nevada Gaming Commission lavished its approval upon Holly Koeppel, a respected member of Flutter Entertainment’s board of directors, endowing her with a coveted gaming license. This authoritative nod came just as the company poised itself for a momentous launch on the New York Stock Exchange come Monday.
Koeppel, a masthead of governance and oversight, holds the esteemed position of chairwoman of Flutter’s audit committee. Her distinguished ascent to the board of the eminent FanDuel proprietor dates back to 2021, with her assuming the mantle of audit committee leadership the subsequent year.
Holly Koeppel’s illustrious career trajectory can be traced back through the high-stakes corridors of Corsair Capital LLC, where her acumen rose to the pinnacle of senior adviser up until April 2018. Notably, before this advisory capacity, she wielded significant influence as Managing Partner and Co-Head of Infrastructure, shaping the firm’s destiny until her retirement in 2017. Moreover, her financial and strategic prowess was honed as Partner and Global Co-Head of Citi Infrastructure Investors, a division within the financial titan, Citigroup.
The spectrum of Koeppel’s directorial influence extends beyond the gaming behemoth, gracing the boards of AES Corporation, Arch Resources, Inc., and British American Tobacco Plc with her strategic insight.
The timing for Koeppel’s licensure could not be more propitious. As Flutter took its leave from Euronext Dublin, discontinuing its presence in the EUROSTOXX Index, it set its sights on the burgeoning opportunities afforded by the NYSE listing. Yet the company maintains its stronghold in Europe with its continued listing on the London Stock Exchange, ensuring its enduring influence within the FTSE 100 Index—a bellwether for UK-listed stocks. Come market open, the FanDuel progenitor, adorned with the ticker “FLUT,” will assume its position as a titan among its publicly traded gaming peers on American soil.
Flourishing under the Flutter Entertainment umbrella are powerhouse brands including Betfair, Paddy Power, PokerStars, and Sisal, each a stalwart in the pantheon of betting. Despite Koeppel’s freshly minted Nevada gaming license, Flutter’s foothold in the state remains a modest affair. It casts a shadow through odds and branding with FanDuel at the Fremont Hotel Casino, abstaining from wagering operations within Nevada’s borders.
Yet, the niche held by Flutter is not solitary. Boyd Gaming, the overseers of the Fremont, retains a 5% stake in FanDuel, amidst Flutter’s commanding presence.
During the revelatory proceedings of the Nevada Gaming Commission on January 25, Commissioner Ogonna Brown spared no praise for Koeppel, extolling her as “fierce, eloquent, and polished.” Brown’s commendation went beyond mere flattery, as she underscored the pivotal role of discerning rectitude in regulation—a dynamic interplay of ethics, legal agility, and the imperative of progression—as pivotal for industry success.
Heralding diversity and expertise, Koeppel is among the quartet of women who bring their independent, judicious perspectives to the Flutter board. In a strategic orchestration that saw former Kellogg CEO John Bryant assume chairmanship last April, the company fortified its governance, ostensibly laying the groundwork for its triumphant ascent on U.S. financial platforms.
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