REG - FlutterEntertainment - Regulatory Approval Achieved For Snai Acquisition

Flutter EntertainmentAnnouncement

09/04/2025 16:45

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RNS Number : 3786E  Flutter Entertainment PLC  09 April 2025

Regulatory approval achieved for Snai acquisition, enhancing Flutter's
position in Italy, Europe's largest regulated market

New York, April 9 2025: Flutter Entertainment (NYSE: FLUT; LSE: FLTR)
("Flutter") the world's leading online sports betting and iGaming operator
today announces that it has received all necessary antitrust, gaming and
regulatory confirmations to acquire Snaitech S.p.A. ("Snai"), one of Italy's
leading omni-channel operators.

The acquisition of Snai fully aligns with Flutter's strategy to invest in
leadership positions in attractive international markets, creating value
through providing access to Flutter's market leading products and
capabilities. Adding Snai to the Flutter portfolio will consolidate Flutter's
leadership position in Italy and create a position of increased scale to
capitalize on the growth opportunity in Europe's largest regulated market.

As previously announced
(https://www.flutter.com/news-and-insights/press-releases/addition-of-snai-enhances-flutter-s-gold-medal-position-in-attractive-italian-market/)
, Flutter will acquire Snai from a subsidiary of Playtech plc, for cash
consideration based on an enterprise value of €2.3b. Flutter expects the
transaction to be completed by the end of April and will provide a further
update as part of is first quarter results on May 7, 2025.

 

About Flutter Entertainment plc

Flutter is the world's leading online sports betting and iGaming operator,
with a market leading position in the US and across the world. Our ambition is
to leverage our significant scale and our challenger mindset to change our
industry for the better. By Changing the Game, we believe we can deliver
long-term growth while promoting a positive, sustainable future for all our
stakeholders. We are well-placed to do so through the distinctive, global
competitive advantages of the Flutter Edge, which gives our brands access to
group-wide benefits to stay ahead of the competition, as well as our clear
vision for sustainability through our Positive Impact Plan.

Flutter operates a diverse portfolio of leading online sports betting and
iGaming brands including FanDuel, Sky Betting & Gaming, Sportsbet,
PokerStars, Paddy Power, Sisal, tombola, Betfair, MaxBet, Junglee Games and
Adjarabet. We are the industry leader with $14,048m of revenue globally for
fiscal 2024, up 19% YoY, and $3,792m of revenue globally for the quarter ended
December 31, 2024.

Contacts:

 Investor Relations:                    Media Relations:
 Paul Tymms, Investor Relations         Kate Delahunty, Corporate Communications
 Ciara O'Mullane, Investor Relations    Rob Allen, Corporate Communications
 Chris Hancox, Investor Relations       Lindsay Dunford, Corporate Communications
 Email: investor.relations@flutter.com  Email: corporatecomms@flutter.com

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements reflect
our current expectations as to future events based on certain assumptions and
include any statement that does not directly relate to any historical or
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forward-looking nature. Such forward-looking statements are subject to various
risks and uncertainties and there are or will be important factors that could
cause actual outcomes or results to differ materially from those indicated in
these statements. The ability to predict results or actual effects of our
plans and strategies is inherently uncertain. Accordingly, actual results may
differ materially from those expressed in, or implied by, the forward-looking
statements.

Factors that could cause Flutter's results to differ materially from those
described in the forward-looking statements can be found in Part I, "Item 1A.
Risk Factors" of Flutter's Annual Report on Form 10-K for the fiscal year
ended December 31, 2024 as filed with the Securities and Exchange Commission
(the "SEC") and other periodic filings with the SEC, which are accessible on
the SEC's website at www.sec.gov. Flutter undertakes no obligation to publicly
update or review any forward-looking statement, whether as a result of new
information, future developments or otherwise, except as required by law.

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