On July 27, Flutter Entertainment PLC rose 5.2% in regular trading, trading at $106.67/share, with turnover of $36.23 million.

The rally follows disclosure that legendary investor Michael Burry, known as the real-life Big Short, added to his long position in Flutter Entertainment PLC. Burry purchased a significant quantity of shares at $100.72 per share, building on an earlier position initiated around $107 per share. He simultaneously bought DraftKings at $23.07 per share, reflecting a broader rotation of his long capital away from technology into consumer and gaming sectors.

Burry's move comes as he doubled down on shorting semiconductor stocks including NVIDIA and Micron, while maintaining bearish bets on Tesla and Palantir. His pivot toward Flutter Entertainment PLC signals conviction in the sports betting sector amid broader tech skepticism. The stock had previously declined approximately 65% from its August highs, creating what Burry apparently views as a value opportunity. Flutter is set to delist from the London Stock Exchange on August 3 and will trade exclusively on the NYSE thereafter.

Within the Casinos and Gaming sector, DraftKings rose 4.63%, Wynn up 2.87%, Las Vegas Sands up 2.58%, MGM Resorts up 1.58%, and Caesars Entertainment up 0.23%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)