Today news
About the same in other media
Flutter enters contest to run national lottery via Italian takeover
Reading now: 698
Flutter, the gambling company that owns Paddy Power and SkyBet, has agreed to buy the Italian operator Sisal in a £1.6bn deal that could have a significant bearing on the competition to run the UK’s national lottery.
In a statement to the stock market, Flutter said it had struck a deal with the private equity group CVC Partners to buy Sisal, a major Italian gambling and betting firm which also operates lotteries in Italy, Turkey and Morocco.
The Flutter chief executive, Peter Jackson, said buying the Milan-based firm would give the company a “gold medal position” in Italy, the second-largest regulated gambling market in Europe, after the UK.
Flutter said Sisal was fast-growing, particularly in online gambling, which increased by 20% in Italy
Read more on theguardian.comAbout this in other media
SWIFT Tokenization, BNB Auto Burn, PwC Enters The Sandbox + More News cryptonews.com /2 years ago
Energy bills could rise by 50% amid ‘national crisis’ of soaring UK prices theguardian.com /2 years ago
Travellers to Austria will need proof of booster vaccine to enter country theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
