Flutter Acquires Italian Online Game Operator for £ 162m

Date:

Michael Susin

Flutter Entertainment PLC announced Thursday that it has acquired Italian online gaming operator Sisal from CVC Capital Partners Fund VI for £ 1.62 billion ($ 2.16 billion).

The Dublin-based gambling group said it expects the transaction to be financially strengthened to adjusted earnings in the first year after the acquisition.

The deal is likely to close during the second quarter of 2022, he said.

According to the company, sisal is expected to generate interest, taxes, depreciation and pre-amortization revenue of £ 211m over the 12 months to December 2021.

Write to Michael Su Xing at michael.susin@wsj.com

Flutter Acquires Italian Online Game Operator for £ 162m

Source link Flutter Acquires Italian Online Game Operator for £ 162m

The post Flutter Acquires Italian Online Game Operator for £ 162m appeared first on Eminetra.

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