{"id":317195,"date":"2024-04-11T16:32:32","date_gmt":"2024-04-11T21:32:32","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=317195"},"modified":"2024-04-12T09:10:06","modified_gmt":"2024-04-12T14:10:06","slug":"flutter-entertainment-leases-23rd-floor-at-one-madison-avenue","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/flutter-entertainment-leases-23rd-floor-at-one-madison-avenue\/","title":{"rendered":"Flutter Leases Space at One Madison Avenue in New York"},"content":{"rendered":"

Flutter Entertainment (NYSE: FLUT) continues expanding its US footprint, recently inking a 12-year lease for 35,898 square feet on the 23rd<\/sup> floor at One Madison Avenue in New York City.<\/p>\n

\"One
A rendering of SL Green’s One Madison Avenue in New York. Flutter Entertainment leased the 23rd floor there. (Image: NYC Constructors)<\/figcaption><\/figure>\n

That space will be occupied by one of the Dublin-based gaming company\u2019s sports wagering brands, but it hasn\u2019t been revealed which one. Flutter owns 95% of FanDuel<\/a>, which is the largest online sportsbook operator in the US, but that group already leases space at 300 Park Avenue South. New York serves as FanDuel\u2019s corporate headquarters, so it\u2019s possible the operator is expanding at One Madison Avenue, but Flutter hasn\u2019t commented to that effect.<\/p>\n

Flutter adding space at the building, also known as the MetLife Tower, comes just over two months after the company listed its shares on the New York Stock Exchange (NYSE). Last week, it was revealed that at its upcoming annual group meeting on May 1, Flutter will ask investors to approve moving its primary listing<\/a> to New York from London.<\/p>\n

Interesting Gaming Ties at One Madison Avenue<\/h2>\n

In an interesting gaming-related coincidence, One Madison Avenue is owned by real estate investment trust (REIT) SL Green Realty (NYSE: SLG).<\/p>\n

That\u2019s the company with which<\/a> Caesars Entertainment (NASDAQ: CZR) is partnering on a Times Square casino proposal. Rapper Jay-Z\u2019s Roc Nation entertainment agency is also involved with that pitch.<\/p>\n

\n

The Caesars, Jay-Z, and SL Green triumvirate are among roughly a dozen entities vying for three downstate casino permits, which could be awarded by New York regulators later this year. It\u2019s rumored that two of those licenses will go to MGM Resorts International\u2019s Empire City Casino in Yonkers, and Resorts World New York in Queens.<\/p>\n<\/div>\n

Flutter isn’t involved in the operation of land-based casinos, though the FanDuel brand is used on some retail sportsbooks across the US.<\/p>\n

It\u2019s believed the asking rent at the New York space being leased by Flutter was $170 per square foot.<\/p>\n

Flutter Aiding Tony US Real Estate<\/h2>\n

News of Flutter taking control of the 23rd<\/sup> floor at MetLife Tower arrived about three months after FanDuel shelled out $71 million<\/a> for a new office in Beverly Hills, Calif. The betting company acquired a 50,200-square-foot three-story building at 9000 Wilshire Boulevard, paying $1,410 per square foot.<\/p>\n

\n

In addition to its New York and Los Angeles offices, FanDuel also has US outposts in Florida, Georgia, and Oregon despite not offering sports wagering in any of those states. Sports betting isn’t permitted in California or Georgia.<\/p>\n<\/div>\n

FanDuel also has an office in Scotland.<\/p>\n","protected":false},"excerpt":{"rendered":"

Flutter Entertainment (NYSE: FLUT) continues expanding its US footprint, recently inking a 12-year lease for 35,898 square feet on the 23rd floor at One Madison Avenue in New York City. That space will be occupied by one of the Dublin-based gaming company\u2019s sports wagering brands, but it hasn\u2019t been revealed which one. Flutter owns 95% […]<\/p>\n","protected":false},"author":46,"featured_media":317196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,86438,1074],"tags":[81898,86457,80968],"acf":[],"yoast_head":"\nFlutter Entertainment Leases 23rd Floor At One Madison Avenue<\/title>\n<meta name=\"description\" content=\"Flutter Leases Space at One Madison Avenue in New York.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/flutter-entertainment-leases-23rd-floor-at-one-madison-avenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flutter Entertainment Leases 23rd Floor At One Madison Avenue\" \/>\n<meta property=\"og:description\" content=\"Flutter Leases Space at One Madison Avenue in New York.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/flutter-entertainment-leases-23rd-floor-at-one-madison-avenue\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-11T21:32:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-12T14:10:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/04\/mad.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/flutter-entertainment-leases-23rd-floor-at-one-madison-avenue\/\",\"url\":\"https:\/\/www.casino.org\/news\/flutter-entertainment-leases-23rd-floor-at-one-madison-avenue\/\",\"name\":\"Flutter Entertainment Leases 23rd Floor At One Madison Avenue\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/flutter-entertainment-leases-23rd-floor-at-one-madison-avenue\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/flutter-entertainment-leases-23rd-floor-at-one-madison-avenue\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/04\/mad.jpg\",\"datePublished\":\"2024-04-11T21:32:32+00:00\",\"dateModified\":\"2024-04-12T14:10:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Flutter Leases Space at One Madison Avenue in New York.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/flutter-entertainment-leases-23rd-floor-at-one-madison-avenue\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/flutter-entertainment-leases-23rd-floor-at-one-madison-avenue\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/flutter-entertainment-leases-23rd-floor-at-one-madison-avenue\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/04\/mad.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/04\/mad.jpg\",\"width\":900,\"height\":600,\"caption\":\"A rendering of SL Green's One Madison Avenue in New York. 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