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Flutter Entertainment PLC ( (FLUT) ) has shared an announcement.
Flutter Entertainment has secured regulatory approval to acquire Snaitech S.p.A., a leading omni-channel operator in Italy, for €2.3 billion. This acquisition aligns with Flutter’s strategy to strengthen its leadership in attractive international markets, particularly enhancing its position in Italy, Europe’s largest regulated market. The transaction is expected to be finalized by the end of April, with further updates anticipated in the company’s first-quarter results.
More about Flutter Entertainment PLC
Flutter Entertainment PLC is the world’s leading online sports betting and iGaming operator, holding a dominant market position in the US and globally. The company manages a diverse portfolio of renowned brands such as FanDuel, Sky Betting & Gaming, and PokerStars. Flutter aims to leverage its significant scale and innovative mindset to drive industry change, focusing on long-term growth and sustainability through its Positive Impact Plan.
YTD Price Performance: -16.60%
Average Trading Volume: 253,333
Technical Sentiment Signal: Sell
Current Market Cap: £29.37B
Find detailed analytics on FLUT stock on TipRanks’ Stock Analysis page.