![]() Increases the Group’s exposure to an attractive, fast-growing, regulated online market: Italy.The combination of Sisal with Flutter’s existing online Italian presence through PokerStars and Betfair will result in a combined online share of 20% 2 Secures a gold medal position in Italy by bringing the leading online brand into the Flutter portfolio.The addition of Sisal to Flutter delivers several key strategic outcomes: The business employs circa 2,500 people today. Approximately 90% of Sisal’s 2021 EBITDA is generated in Italy with the balance coming from regulated lottery operations in Turkey and Morocco. In the 12 months to December 2021 1, Sisal expects to generate EBITDA of €248m/£211m, with 59% coming from its online offering and the remainder coming from a combination of retail and lottery operations. Sisal is a leading betting, gaming and lottery operator headquartered in Milan. The transaction is likely to complete during Q2 2022 and is expected to be accretive to adjusted earnings in the first 12 months post-completion. This acquisition fully aligns with the Group’s strategy of investing to build leadership positions in regulated markets globally. ![]() Flutter Entertainment plc (“Flutter” or the “Group”) is pleased to announce the acquisition of Sisal (“Sisal”), Italy’s leading online gaming operator, from CVC Capital Partners Fund VI for a consideration of €1.913bn/£1.62bn.
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