UK's Playtech mulls sale of Italian unit to Flutter

Quick Summary:

:UK gambling technology firm Playtech said on Wednesday that it is in talks with Irish betting firm Flutter Entertainment for the sale of its Italian unit Snaitech.

It is unlikely a formal agreement will be reached until at least next month, the Sky News report said.

Playtech's shares jumped 19 per cent to their highest level since March 2022 on the potential deal.

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Article Details

Category: EconomyBusiness

Markets: SingaporeBrazilItaly

Topics: Playtech Gambling Flutter Shares News Reported Snaitech Firm Talks Tuesday Deal

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 16:50:51 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 215 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 22076961

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 56 posts per day

Year Established: 1999

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News Last Updated: 1 hours ago

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