Flutter to Acquire Playtech’s Consumer Arm in Major Expansion Move
17 Sep
Science & Technology

Flutter to Acquire Playtech’s Consumer Arm in Major Expansion Move

Posted by author-avatar
0
Technology tamfitronics Flutter Entertainmentthe parent company of brands like Paddy Power and Betfairis reportedly nearing the conclusion of a milestone £2 billion acquisition of the consumer operations arm of Playtechone of the leading gambling technology providers. The acquisition signals Flutter’s ongoing commitment to expanding its global influence and portfolio.Playtech Will Focus on Its B2B BusinessAccording to a recent SkyNews report, the deal will focus on Playtech’s consumer-facing businesses, particularly the Italian sports betting operation Snitchwhich has grown into one of Italy’s largest gambling companies. This acquisition will reshape Playtech, leaving it to focus on its business-to-business (B2B) operations, which provide software solutions to the broader gambling industry.News of this strategic acquisition first surfaced in Augustwith Playtech confirming that the upcoming deal values Snaitech at £2 billion ($2.57 billion). Playtech has been enjoying a recent streak...
Continue reading