Flutter Entertainment’s board has approved a combined $2.8bn capital raise, using senior secured notes and an incremental Term Loan B facility, to repay the bridge financing primarily used for the acquisition of Snaitech Italia. The NYSE- and LSE-listed gambling group has announced the launch of a new offering of senior secured notes, maturing in 2031. These will be issued in …
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Flutter gets its Brazil podium spot as Betnacional stake secured
Flutter Entertainment has completed its takeover of a majority stake in NSX, the parent company of one of Brazil’s largest online bookmakers, Betnacional. The NYSE firm paid $350m for a 56% stake in NSX, cementing its podium spot in yet another market, and one which has been by far the subject of the most hype over the past two years. …
Read More »Tally Technology and NSX ‘drive betting interest’ of Brazilian football fans
Tally Technology has partnered with NSX to provide a new free-to-play prediction game for select domestic and international football matches. Described as a ‘Brazilian sports betting ecosystem’, NSX has stated that the collaboration covers two fixtures per week, with the introduction of prizes including free bets provided by the group’s partner, Betnacional. Eric Gaigher at NSX said: “We are always …
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