Flutter bets on Italian gambling market with $2.6 billion Snaitech deal By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 17 2024
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Source: Investing.com
Flutter Entertainment's Acquisition: Flutter Entertainment is set to acquire Snaitech for €2.3 billion, enhancing its position as the leading gambling firm in Italy and increasing its online market share to approximately 30%.
Expansion Strategy: This acquisition follows Flutter's recent purchase of a stake in Brazil's NSX Group, reflecting its aggressive international expansion strategy, particularly in regulated markets like the U.S. and Brazil.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
