Flutter in talks to buy Playtech's Italian unit

Quick Summary:

:Irish betting giant Flutter Entertainment is in talks to buy UK gambling technology firm Playtech's Italian unit Snaitech, the companies said on Wednesday.

Sky News had earlier reported that a deal for Snaitech, one of Italy's largest gambling companies, could be worth about 2 billion pounds ($2.6 billion).

Snaitech, its business-to-consumer unit, made 946.6 million euros ($1.04 billion) in revenue last year.

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Article Details

Category: EconomyBusiness

Markets: SingaporeBrazilItaly

Topics: Potential Jackson Largest Playtech Snaitech Companies Gambling Flutter Tuesday Peter Deal

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 16:50:51 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 341 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22079488

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 50 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 6 hours ago

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Publisher ID: #27

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