Regulatory Approval Achieved For Snai Acquisition
Flutter Entertainment (NYSE: FLUT) has received all necessary regulatory approvals to acquire Snaitech S.p.A., a leading Italian omni-channel operator, from Playtech plc. The transaction, valued at €2.3 billion enterprise value, is expected to complete by end of April 2025.
The acquisition strengthens Flutter's position in Italy, Europe's largest regulated market, aligning with the company's strategy to invest in leadership positions in attractive international markets. The deal aims to leverage Flutter's market-leading products and capabilities while creating increased scale to capitalize on growth opportunities.
Flutter will provide additional updates during its first quarter results announcement on May 7, 2025.
Flutter Entertainment (NYSE: FLUT) ha ricevuto tutte le necessarie approvazioni regolatorie per acquisire Snaitech S.p.A., un operatore omni-channel leader in Italia, da Playtech plc. La transazione, valutata a 2,3 miliardi di euro di valore d'impresa, dovrebbe concludersi entro la fine di aprile 2025.
L'acquisizione rafforza la posizione di Flutter in Italia, il mercato regolamentato più grande d'Europa, allineandosi con la strategia dell'azienda di investire in posizioni di leadership in mercati internazionali attraenti. L'accordo mira a sfruttare i prodotti e le capacità leader di Flutter nel mercato, creando una maggiore scala per capitalizzare le opportunità di crescita.
Flutter fornirà ulteriori aggiornamenti durante l'annuncio dei risultati del primo trimestre il 7 maggio 2025.
Flutter Entertainment (NYSE: FLUT) ha recibido todas las aprobaciones regulatorias necesarias para adquirir Snaitech S.p.A., un operador omni-canal líder en Italia, de Playtech plc. La transacción, valorada en 2.3 mil millones de euros en valor empresarial, se espera que se complete a finales de abril de 2025.
La adquisición refuerza la posición de Flutter en Italia, el mercado regulado más grande de Europa, alineándose con la estrategia de la empresa de invertir en posiciones de liderazgo en mercados internacionales atractivos. El acuerdo tiene como objetivo aprovechar los productos y capacidades líderes de Flutter en el mercado, creando una mayor escala para capitalizar las oportunidades de crecimiento.
Flutter proporcionará actualizaciones adicionales durante el anuncio de resultados del primer trimestre el 7 de mayo de 2025.
플러터 엔터테인먼트 (NYSE: FLUT)는 Playtech plc로부터 이탈리아의 선도적인 옴니채널 운영자인 Snaitech S.p.A.를 인수하기 위한 모든 필요한 규제 승인을 받았습니다. 23억 유로의 기업 가치로 평가된 이번 거래는 2025년 4월 말까지 완료될 것으로 예상됩니다.
이번 인수는 유럽에서 가장 큰 규제 시장인 이탈리아에서 플러터의 입지를 강화하며, 매력적인 국제 시장에서의 리더십 포지션에 투자하려는 회사의 전략과 일치합니다. 이번 거래는 플러터의 시장 선도 제품과 역량을 활용하고, 성장 기회를 활용하기 위한 규모 확대를 목표로 하고 있습니다.
플러터는 2025년 5월 7일 첫 분기 실적 발표 시 추가 업데이트를 제공할 예정입니다.
Flutter Entertainment (NYSE: FLUT) a reçu toutes les approbations réglementaires nécessaires pour acquérir Snaitech S.p.A., un opérateur omni-canal de premier plan en Italie, auprès de Playtech plc. La transaction, d'une valeur d'entreprise de 2,3 milliards d'euros, devrait être finalisée d'ici la fin avril 2025.
Cette acquisition renforce la position de Flutter en Italie, le plus grand marché réglementé d'Europe, en accord avec la stratégie de l'entreprise d'investir dans des positions de leadership sur des marchés internationaux attractifs. L'accord vise à tirer parti des produits et des capacités de Flutter, tout en créant une échelle accrue pour capitaliser sur les opportunités de croissance.
Flutter fournira des mises à jour supplémentaires lors de l'annonce de ses résultats du premier trimestre le 7 mai 2025.
Flutter Entertainment (NYSE: FLUT) hat alle erforderlichen regulatorischen Genehmigungen erhalten, um Snaitech S.p.A., einen führenden Omni-Channel-Betreiber in Italien, von Playtech plc zu erwerben. Die Transaktion, die mit einem Unternehmenswert von 2,3 Milliarden Euro bewertet wird, soll bis Ende April 2025 abgeschlossen sein.
Die Übernahme stärkt Flutters Position in Italien, dem größten regulierten Markt Europas, und steht im Einklang mit der Strategie des Unternehmens, in Führungspositionen in attraktiven internationalen Märkten zu investieren. Das Geschäft zielt darauf ab, Flutters marktführende Produkte und Fähigkeiten zu nutzen und gleichzeitig eine größere Skalierung zu schaffen, um Wachstumschancen zu nutzen.
Flutter wird am 7. Mai 2025 während der Bekanntgabe der Ergebnisse des ersten Quartals weitere Updates bereitstellen.
- Strategic acquisition valued at €2.3B strengthens market leadership in Italy
- Expansion in Europe's largest regulated market
- Access to additional growth opportunities through increased scale
- Integration of Flutter's market-leading products with Snai's operations
- Significant cash outlay of €2.3B for the acquisition
Regulatory approval achieved for Snai acquisition, enhancing Flutter's position in Italy, Europe's largest regulated market
NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Flutter Entertainment (NYSE: FLUT; LSE: FLTR) ("Flutter") the world's leading online sports betting and iGaming operator today announces that it has received all necessary antitrust, gaming and regulatory confirmations to acquire Snaitech S.p.A. ("Snai"), one of Italy's leading omni-channel operators.
The acquisition of Snai fully aligns with Flutter's strategy to invest in leadership positions in attractive international markets, creating value through providing access to Flutter's market leading products and capabilities. Adding Snai to the Flutter portfolio will consolidate Flutter's leadership position in Italy and create a position of increased scale to capitalize on the growth opportunity in Europe's largest regulated market.
As previously announced, Flutter will acquire Snai from a subsidiary of Playtech plc, for cash consideration based on an enterprise value of
About Flutter Entertainment plc
Flutter is the world's leading online sports betting and iGaming operator, with a market leading position in the US and across the world. Our ambition is to leverage our significant scale and our challenger mindset to change our industry for the better. By Changing the Game, we believe we can deliver long-term growth while promoting a positive, sustainable future for all our stakeholders. We are well-placed to do so through the distinctive, global competitive advantages of the Flutter Edge, which gives our brands access to group-wide benefits to stay ahead of the competition, as well as our clear vision for sustainability through our Positive Impact Plan.
Flutter operates a diverse portfolio of leading online sports betting and iGaming brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, MaxBet, Junglee Games and Adjarabet. We are the industry leader with
Contacts:
| Investor Relations: | Media Relations: |
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| Ciara O'Mullane, Investor Relations | Rob Allen, Corporate Communications |
| Chris Hancox, Investor Relations | Lindsay Dunford, Corporate Communications |
| Email: investor.relations@flutter.com | Email: corporatecomms@flutter.com |
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations as to future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. In some cases, you can identify these forward-looking statements by the use of words such as "outlook", "believe(s)", "expect(s)", "potential", "continue(s)", "may", "will", "should", "could", "would", "seek(s)", "predict(s)", "intend(s)", "trends", "plan(s)", "estimate(s)", "anticipates", "projection", "goal", "target", "aspire", "will likely result", and or the negative version of these words or other comparable words of a future or forward-looking nature. Such forward-looking statements are subject to various risks and uncertainties and there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The ability to predict results or actual effects of our plans and strategies is inherently uncertain. Accordingly, actual results may differ materially from those expressed in, or implied by, the forward-looking statements.
Factors that could cause Flutter's results to differ materially from those described in the forward-looking statements can be found in Part I, "Item 1A. Risk Factors" of Flutter's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 as filed with the Securities and Exchange Commission (the "SEC") and other periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Flutter undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
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