Tag Archives: Sisal

Flutter Entertainment is highly confident of maintaining and securing leadership positions across several major markets, according to group CEO Peter Jackson in a recent earnings call.  The FTSE100 international betting and gaming firm published its H1 2022 trading update last week – revealing revenue growth of 11% to £3.38bn, albeit with losses of over £112m, including a 4% decline in …

Flutter Entertainment Plc has this morning announced that it has completed its acquisition of Italian gambling group Sisal SPA for €1.9 bn (£1.6/$2.2bn).  On 23 December 2021, Flutter declared to markets that it had secured definitive terms with US PE fund CVC Capital Partners to acquire all assets (lottery, online and retail) of the heritage Italian gambling group. The acquisition …

Welcome to the second part of Delasport’s deep dive into sports betting through the ages. In part 1, the sports betting and igaming software solutions provider covered the early days from the first bookie to the engagement years of the 2000s. Let’s pick up the story. Customer centricity While the early incarnation of sports betting sites served their purpose, the …

Twenty football teams within the betting and gaming industry will hit the pitch graced by the likes of Messi, Ronaldo and Neymar to compete at the fifth SBC Football Championship, as SBC, once again, brings the industry together to battle it out in a ‘friendly’ football match.  The competition will take place on Tuesday, September 20, just before the pre-registration …

Positive regulatory developments in Italy have seen bookmakers end their licensing limbo, as Parliament has allowed concessions to be extended for a further two years until 2024.  Italian ministers agreed to override gambling regulator ADM, the Customs and Monopolies Agency’s review of licence concessions that had been botched during 2021 – which saw the franchisees of Snaitech, Lottomatica, Sisal, SKS365 …

Flutter Entertainment has disclosed to Romanian media that it seeks to recruit 500 new software developers and IT engineers to join its Betfair Cluj Napoca tech hub. The FTSE100 betting group has operated its Cluj tech hub since 2015, established by its Betfair business ahead of the subsidiary’s £4 billion merger with Paddy Power – a transformative deal that laid …

Italian gambling has been notified of progress on the regulatory front, as state auditor Ragioneria dello Stato has approved the draft ‘reorganisation plan’ of the sector prepared by Italy’s Ministry of the Economy and Finance.  Securing its progress, the plan has been forwarded to the government, which will review proposed amendments to ratify a bill that will be designated to …

Flutter Entertainment Plc maintains confidence in expanding its leadership position across  all global markets, despite declaring full-year operating losses of £288 million.   The FTSE100 betting group detailed that its full year group revenue increased by 37% to £6.04 billion (2020: £4.4bn), although group EBITDA declined by 6% to £723 million from the previous year’s figure of £772 million.  In particular, …

The UK Gambling Commission (UKGC) has issued a statement to dismiss reports claiming that Camelot Group is its ‘preferred bidder’ to win the Fourth National Lottery Licence Competition. The response was issued in light of an article published yesterday by The Daily Telegraph title “Camelot hits National Lottery jackpot” – that claimed the commission had recommended to PM Boris Johnson that …

The UK Gambling Commission (UKGC) is reported to favour Camelot Group maintaining its position as steward of the National Lottery. The Daily Telegraph, this morning reported that the Commission would notify to PM Boris Johnson that “the current operator as the best incumbent to manage government’s lucrative contract”. Camelot has served as the operating company of the National Lottery since …