Flutter Entertainment plc completed the acquisition of 100% of Snaitech S.p.A., a leading omni-channel operator in Italy, on April 30, 2025. The transaction was valued at approximately $2.3 billion cash (€2.3 billion).
This acquisition significantly enhances Flutter's scale and market position in Italy, which is Europe's largest regulated gaming market. The deal aligns with Flutter's strategy to invest in leadership positions in attractive international markets.
The funding for this acquisition was facilitated, in part, through a bridge facility, which Flutter is now moving to repay using proceeds from recently priced senior secured notes and a new U.S. dollar-denominated term loan B facility. This strategic move is expected to contribute to Flutter's long-term growth and diversification.
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