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 …
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Tipico has strengthened its brand visibility in the burgeoning North American sports betting market, entering into an agreement with Major League Soccer (MLS) franchise Columbus Crew. The agreement will see the German operator become a founding level partner as well as official betting partner of the club, based on the capital city of Ohio, receiving entitlement rights to the franchise …
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LaLiga has confirmed the sale of a 10% stake for €2.7 billion to Luxembourg-based private equity firm CVC Capital Partners. Under the terms of the agreement, LaLiga, which governs the top two tiers of the country’s football system, will form a new company to oversee commercial elements, such as sponsorship deals, in which CVC would take a 10% stake. However, …
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The Stars Group Inc has confirmed that Richard Flint has chosen to end his tenure as Executive Chairman of Sky Betting & Gaming (Sky Bet). Flint departs Sky Bet following 17-years with the company, serving from 2001-to-2018 in the capacities of Managing Director and Chief Executive. Regarded as one of global betting’s leading figureheads, Flint is credited for turning Sky …
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Luxembourg-based private equity firm CVC Capital Partners has extended its reach into the betting industry once again with the news that it has agreed to acquire a 100% equity stake in Italian gaming and payments operator Sisal Group S.p.A. The acquisition will see CVC assume Sisal’s €960 million corporate debt, with the PE firm expected to make an estimated €1 billion …
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Sky Betting & Gaming have announced that they have reached a milestone of 1,000 employees by hiring Software Engineer Nándor Szentpéteri, who joins the company’s Gaming Tribe. The announcement comes after record expansion across the last 5 months. The growth follows a 36% rise in revenue to £247m posted in the 12-months to June 2015, with further positive results anticipated …
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Equity and investment firm CVC Capital Partners, are set to take a £390 million loan in order to finalise its £800 acquisition of Sky Bet enterprises from BskyB. Under the terms of purchase which were agreed on 4 December 2014, CVC Capital will pay BskyB £600 million in cash and a further £120 million in contingent payments. BskyB will retain …
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CVC Capital Partners is to spend a potential £720m to buy a controlling stake in online bookmaker Sky Bet. Under the agreement, Sky will receive £600m on completion of the deal, and further deferred and contingent payments of up to £120m, while Sky will retain an equity stake of 20% in Sky Bet, with which it has entered a long-term …
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