Playtech sells Italian arm to Flutter for £2bn September 17, 2024 London-listed gambling tech provider Playtech has agreed to sell its Italian gaming arm Snaitech to Flutter Entertainment for €2.3bn (£1.9bn). Playtech first confirmed discussions with Flutter, the owner of Paddy Power and Betfair, in August. The deal values Snaitech at a significant premium to Playtech’s market capitalisation as of 13 August, the last date before negotiations [...]
Playtech spices up deal with Mexican venture Caliplay September 16, 2024 Playtech has renegotiated its terms with Mexican gambling operator Caliente, securing a 30.8 per cent equity stake in Caliente Interactive, the new holding company for Caliplay, incorporated in the United States. Under the terms of the deal, the London-listed gambling tech provider will also gain the right to appoint a director to Cali Interactive’s board, [...]
Tombola: Record sales and profit at Flutter-owned online bingo site September 3, 2024 Revenue and profit at online bingo site Tombola, which is part of the gaming giant behind Paddy Power and Betfair, jumped to record levels in 2023, it has been revealed. The Sunderland-headquartered company has posted a revenue of £201.6m for its latest financial year as well as a pre-tax profit of £50.7m, according to newly-filed [...]
Analysts ‘sceptical’ about Flutter’s £2bn bid for Playtech’s Italian arm August 19, 2024 Flutter Entertainment’s potential £2bn swoop on Italian betting firm Snaitech, the consumer division of ‘white label’ gambling technology provider Playtech, has left some analysts unconvinced. Playtech has granted a period of exclusivity for Flutter to complete due diligence, although the Paddy Power and Betfair owner said at this stage there is “no certainty” that it [...]
Paddy Power and Betfair owner Flutter in talks for £2bn Snaitech deal August 14, 2024 Paddy Power and Betfair owner Flutter Entertainment is in talks to buy Italian gambling company Snaitech, the consumer division of Playtech, in a deal that could be valued at around £2bn. “Playtech confirms it is in discussions with Flutter and has granted Flutter a period of exclusivity to complete due diligence and finalise the necessary [...]
Flutter shares dip as firm completes US listing move May 31, 2024 Following the news this morning, Flutter's share price on the London Stock Exchange dropped by 6.44 per cent by around 10am.
Flutter US rally continues as it moves HQ from London to New York May 14, 2024 In May, shareholders voted to move Flutter's primary listing to the US, with boss Peter Jackson calling it a "natural home" for the group.
Flutter’s big bet on US’ FanDuel pays off but $1bn-plus charges hit bottom line March 26, 2024 Gambling giant Flutter saw revenue jump almost 25 per cent in the last financial year, driven predominantly by significant growth in the US.
Flutter: London set for further blow as gambling giant heads for New York January 30, 2024 FLUTTER said yesterday that New York would be its “natural home” in another blow to London’s bruised and battered stock exchange.
Flutter: The house always wins but can Fanduel’s gold rush last? January 29, 2024 Flutter’s secondary listing today has pleased investors but it will need to fight for its future amid a fiercely competitive US market.