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Tag Archives: Flutter Entertainment

Italy – Flutter completes Sisal takeover

Flutter Entertainment has confirmed it has now competed its takeover Italian online gaming operator Sisal, which with Flutter’s established Italian brands of Betfair and PokerStars will give it a 20 per cent market share of the Italian online market. The €1.913bn deal was first announced in December and also gives Flutter control of VLTs across…

Ireland – Flutter reopens €15m global HQ in Dublin

Flutter Entertainment has officially reopened its international headquarters in Dublin following a €15.5 million investment from Flutter and a significant multi-million-euro investment from the landlord. The building comprises 164,000 sq. ft of flexible workspace across seven floors at Belfield Office Park in Clonskeagh, Dublin 4. Designed by Claremont Group Interiors, the state-of-the-art workspace is home…

UK – Flutter launches new safer gambling strategy

Flutter Entertainment, owner of the Paddy Power and Betfair betting brands, has launched a safer gambling strategy that aims to make ‘every moment safe for customers’ as it looks to prevent problem gambling from arising rather than simply intervening when it does. The five core pillars of the safer betting strategy are:• Discover – Proactively…

Italy – Flutter Entertainment takes a grip of Italian market with Sisal acquisition

Flutter Entertainment plc is pleased to announce the acquisition of Sisal, Italy’s leading online gaming operator, from CVC Capital Partners Fund VI for a consideration of £1.62bn. This acquisition fully aligns with the Group’s strategy of investing to build leadership positions in regulated markets globally. The transaction is likely to complete during Q22022 and is expected…

Australia – Flutter Entertainment’s Sportsbet signs new four-year contract with OpenBet

OpenBet is to remain at the forefront of powering Flutter Entertainment’s Australian sports betting brand Sportsbet after securing a new four-year deal. Through to the end of 2025, Sportsbet will continue to deploy OpenBet’s industry-leading technology and services to deliver best-in-class sports betting entertainment to a growing consumer base. The new contract has been agreed…

UK – Flutter snaps up Tombola bingo

Flutter Entertainment has bought Tombola, the UK’s most recreational online bingo operator and one of the UK market’s leading online bingo operators, for an enterprise value of £402m. Tombola, with teams primarily located in Sunderland and Gibraltar, is a successful bingo-led gaming company with an emphasis on providing a low staking bingo proposition to a…

US – Flutter claims 36 per cent share of the US online sportsbook market

Flutter Entertainment saw a strong start to 2021 with double digit growth across all divisions with the US up 135 per cent, UK and Ireland up 35 per cent, Australia up 59 per cent and international up seven per cent. Perhaps most impressively, Flutter grabbed a 36 per cent share of the online sportsbook market…

US – Fox sues Flutter over the cost of 18.6 per cent stake in FanDuel

Fox Corporation has filed suit against Flutter Entertainment to try and force its right to buy an 18.6 per cent stake in FanDuel Group for the same price that Flutter paid in December 2020. The suit was filed as an arbitration before JAMS in New York, NY by consent of the parties. Fox stated: “Fox…

Ireland – Flutter confirms move to ban gambling transactions with credit cards in Ireland

Flutter Entertainment has announced the introduction of a range of proactive measures to its operations in Ireland to update its safer gambling policies and to mitigate the potential for harm. The measures include the commitment of one per cent of Net Gaming Revenue to support the research, education and treatment of problem gambling, the banning…