On the Record · Flutter Entertainment
Flutter Entertainment acquisitions, on the record
The businesses Flutter Entertainment bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
MaxBetWord for word“In January 2024, we acquired a 51% controlling stake in MaxBet, a leading omni-channel sports betting and gaming operator in Serbia, which offers sportsbook and iGaming products and will be included in our International division from that date.” 10-K for 2023 | agreed acquisition | January 2024 | — |
SisalWord for word“On August 4, 2022, we completed the acquisition of Sisal, Italy’s leading iGaming operator, from CVC Capital Partners Fund VI for cash consideration of $2,037 million.” 10-K for 2023 | acquisition | August 4, 2022 | $2,037 million |
Adjarabet (remaining 49.0% stake)Word for word“On July 1, 2022, we acquired the remaining 49.0% stake in Adjarabet, one of the largest iGaming operators in the regulated Georgian market, for consideration of $251 million, bringing our holding in Adjarabet to 100%, an increase from our previous controlling interest of 51.0%, which we acquired in February 2019.” 10-K for 2023 | acquisition | July 1, 2022 | $251 million |
tombolaWord for word“On January 10, 2022, we acquired tombola, one of the leading online bingo operators in the UK market.” 10-K for 2023 | acquisition | January 10, 2022 | — |
SingularWord for word“On September 10, 2021, we acquired a 100% stake in Singular, a European sports betting and gaming technology platform, for consideration of $44 million (in cash, contingent consideration and deferred consideration).” 10-K for 2023 | acquisition | September 10, 2021 | $44 million |
Oddschecker Global MediaWord for word“On August 31, 2021, we sold our entire shareholding in Oddschecker Global Media, our odds comparison website, to Bruin Capital for cash consideration of $175 million.” 10-K for 2023 | divestiture | August 31, 2021 | $175 million |
Junglee GamesWord for word“On January 28, 2021, we acquired an initial 50.1% controlling stake in Junglee Games, an Indian online rummy operator, for consideration of $67 million (in cash and deferred consideration).” 10-K for 2023 | acquisition | January 28, 2021 | $67 million |
Sachiko Gaming Private LimitedWord for word“During fiscal 2022 we exchanged a 5.0% equity stake in a subsidiary of Junglee Games for the acquisition of 100% of Sachiko Gaming Private Limited, an online poker gaming developer based in India, with options to acquire the 5.0% equity stake in 2027 and/or 2032 or in the event of a liquidation event relating to Junglee Games.” 10-K for 2023 | acquisition | During fiscal 2022 | — |
Junglee Games (additional 32.5% stake)Word for word“During 2023, we exercised options to acquire an additional 32.5% stake in Junglee Games for $95 million.” 10-K for 2023 | acquisition | During 2023 | $95 million |
TSGWord for word“We have entered into a number of business combinations in recent years, including the combination with TSG in May 2020, the acquisition of Adjarabet in February 2019, the acquisition of Junglee Games in January 2021, the acquisition of tombola in January 2022, the acquisition of Sisal in August 2022 and the acquisition of MaxBet in January 2024.” 10-K for 2023 | acquisition | May 2020 | — |
NSX GroupWord for word“First, the acquisition of a 56% interest in NSX Group, a leading Brazilian operator of the Betnacional brand for cash consideration of approximately $320 million (Brazilian Real 1,981 million).” 10-K for 2024 | agreed acquisition | — | approximately $320 million (Brazilian Real 1,981 million) |
Snaitech S.p.A.Word for word“Second, the acquisition of 100% of Snaitech S.p.A., one of Italy’s leading omni-channel operators for a cash consideration of $2.4 billion (€2.3 billion) subject to completion ac counts adjustments .” 10-K for 2024 | agreed acquisition | — | $2.4 billion (€2.3 billion) |
The Stars Group (TSG)Word for word“We have entered into a number of business combinations in recent years, including the combination with TSG in May 2020, the acquisition of Junglee Games in January 2021, the acquisition of tombola in January 2022, the acquisition of Sisal in August 2022 and the acquisition of MaxBet in January 2024, as well as the planned acquisitions of NSX Group and Snaitech S.p.A., which we expect to complete in 2025.” 10-K for 2024 | merger | May 2020 | — |
5% redeemable non-controlling interest in FanDuel Group Parent LLC held by Boyd Interactive Holdings L.L.C.Word for word“On July 31, 2025, the Group completed the transaction with Boyd Gaming Corporation to acquire the redeemable non-controlling interest of 5% held by Boyd Interactive Holdings L.L.C. (“Boyd”) in FanDuel Group Parent LLC (“FanDuel”) for a consideration of $1,553 million and terminated certain existing market access and retail agreements for an amount of $205 million.” 10-K for 2025 | acquisition | On July 31, 2025 | $1,553 million |
NSX Group (56% interest)Word for word“On May 14, 2025, we completed the acquisition of a 56% interest in NSX Group (“NSX”), a leading Brazilian operator of the Betnacional brand for a total consideration of BRL 3,799 million ($674 million) comprising of a provisional cash consideration of approximately BRL 1,961 million ($348 million), with a redemption mechanism in the form of call and put options which allows us to acquire the remaining interest in NSX in year five and year ten following the date of acquisition.” 10-K for 2025 | acquisition | On May 14, 2025 | BRL 3,799 million ($674 million) |
Pluto (Italia) S.p.A, the holding company that owns Snaitech S.p.A (Snai)Word for word“On April 30, 2025, we completed the acquisition of 100% of the outstanding shares of Pluto (Italia) S.p.A, the holding company that owns Snaitech S.p.A (“Snai”), one of Italy’s leading omni-channel operators in the sports betting and iGaming market, for consideration of approximately €2.3 billion ($2.6 billion).” 10-K for 2025 | acquisition | On April 30, 2025 | approximately €2.3 billion ($2.6 billion) |
MaxBet (initial 51% controlling stake)Word for word“In January 2024, we acquired an initial 51% controlling stake in MaxBet, a leading omni-channel sports betting and gaming operator in Serbia for cash consideration of €131 million ($143 million).” 10-K for 2025 | acquisition | In January 2024 | €131 million ($143 million) |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2022-12-31 | $2.1 billion |
| 2023-12-31 | $0 |
| 2024-12-31 | $160 million |
| 2025-12-31 | $2.69 billion |
Deal filings since 2016
- 2024-04-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-03-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Flutter Entertainment’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.