Flutter Acquiring Online Bingo Operator Tombola for $543m

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Online Bingo

European Online Bingo Giant Faces Uncertain Future with 250 Jobs on the Line

In 2021, Tombola was taken over by the mighty Flutter, and now staff are at risk due to cost-saving initiatives. Last week, 250 customer-experience employees at Tombola bingo were told via email that their jobs were at risk. Tombola, whose headquarters are in Sunderland, told staff that due to cost savings, their jobs are at risk. In total,…

Jobs ・ 16 November 2023

European Gaming

RubyPlay strikes major PokerStars content deal

Direct integration includes development of bespoke games RubyPlay, an innovative B2B iGaming development studio, has agreed a landmark deal to supply its slots portfolio and several new bespoke games to leading operator and Flutter Entertainment brand PokerStars. The direct integration will ensure games including top performing titles Royal…

Industry ・ 01 March 2023

World Casino News

DoubleDown Interactive purchases SuprNation for $30 million cash

A leading digital games developer and publisher, DoubleDown Interactive, announced that it has entered a for the acquisition of SuprNation, a Swedish iGaming provider of exclusive gaming experiences. The deal involves cash considerations for approximately $35 million and is subject to the final 2022 financial review. Acquisition…

Industry ・ 12 January 2023

iGaming Business

Flutter brands land GamCare’s Advanced Safer Gambling Standard

The brands were awarded Gold Advanced Level 3, the highest level of certification available from GamCare, following a recent assessment by the gambling harm charity. GamCare also praised Flutter for promoting a positive culture for safer gambling among its UK and Ireland brands, as well as integrating its processes across internal systems such as…

Law ・ 28 October 2022

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Yogonet

Flutter's Sky Betting, Paddy Power and Betfair awarded GamCare's top safer gambling accreditation

Sports betting and gaming group Flutter Entertainment announced Thursday that its Sky Betting & Gaming, Paddy Power, and Betfair brands have been awarded the advanced Safer Gambling Standard by UK Charity GamCare for their "progressive approach and continuous focus toward safer gambling." The Safer Gambling Standard is an independent quality…

Law ・ 27 October 2022

flutter.com

Flutter brands receive top certification from GamCare for leadership in safer gambling

Flutter is pleased to announce that its leading brands - Sky Betting & Gaming, Paddy Power and Betfair - have been awarded the Advanced Safer Gambling Standard by GamCare for their progressive approach and continuous focus toward safer gambling. GamCare's Safer Gambling Standard is an independent mark of quality attributed to gambling operators…

Law ・ 18 November 2022

Gambling News

Sisal Won a Contract for Tunisian Gambling Market

Sisal, a leading gaming, lottery, and betting company headquartered in Milan, Italy, was awarded a concession contract for the management of gaming in Tunisia by Promosport, a Tunisian sports betting public company, which until now has had the monopoly in the gaming sector. The contract will allow Sisal to manage and develop its product portfolio,…

Industry ・ 29 September 2022

Casino Guru

Broadway Gaming completes acquisition of 888 bingo assets

888 Holdings has completed the divestment of its B2B and B2C bingo divisions, selling the assets to Saphalata Holdings, part of Broadway Gaming. The deal was originally announced at the end of last year when 888 and Saphalata Holdings agreed to the transaction estimated at $45.25m. The now-completed agreement is upending the bingo market in…

Bingo ・ 08 July 2022

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Enfield Independent

Flutter reveals £30m safer gambling hit and slump in UK online betting

Paddy Power and Betfair owner Flutter Entertainment has revealed a £30 million hit from safer gambling measures while online revenues slumped as punters bet less following the lifting of Covid restrictions. The group revealed that first-quarter UK and Ireland online revenues tumbled 20% compared with a year earlier when the UK and Ireland were in…

Law ・ 04 May 2022

Vegas Slots Online

Flutter Buys Italian Online Gambling Giant Sisal for $2.2bn

Flutter has confirmed its £1.62bn ($2.2bn) acquisition of Sisal, an Italian gambling operator that comes with a sportsbook and the SuperEnalotto lottery. [Image: Shutterstock.com] Flutter Entertainment's longtime pursuit of an Italian omnichannel brand has finally borne fruit. The UK-based iGaming giant announced its £1.62bn ($2.2bn) takeover of…

Finance ・ 23 December 2021

This Is Money

Flutter to buy Italian gambling operator Sisal for £1.6bn

Sky Bet and Paddy Power owner Flutter Entertainment has agreed to buy Italy's largest online gaming company from CVC Capital Partners in a £1.6billion deal. It hopes the purchase of Sisal will help it take advantage of Italy's fast-growing digital gaming market, which is forecast to be worth £3.6billion by 2024 and has already doubled its share of…

Lottery ・ 23 December 2021

The Irish Times

Flutter acquires Italian online gambling operator Sisal for €1.9bn

Paddy Power owner Flutter Entertainment has acquired Italian online gaming operator Sisal for €1.9 billion, giving the company a bigger foothold in the Italian market. The price tag is payable in cash on completion of the transaction, and includes full repayment of all Sisal's debt. Flutter will finance the deal through additional debt facilities,…

Industry ・ 23 December 2021

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Silicon Republic

Flutter bets on Italy, acquires online gambling operator Sisal for €1.9bn

The Irish bookmaking company believes the deal will give it a stronger position in one of Europe's largest gambling markets. Flutter Entertainment has announced the acquisition of online game operator Sisal for €1.91bn to help it expand in the growing Italian betting market. The Irish company, formed by the merger of Paddy Power and Betfair, said…

Industry ・ 23 December 2021

Gambling Insider

Europe’s gambling revenues projected to increase by 7.5% in 2021

An end-of-year data report by the European Gaming and Betting Association (EGBA), in partnership with H2 Gambling Capital, has stated that Europe's total gambling revenue is set to increase by 7.5% to €87.2bn ($98.5bn) in 2021. This includes a 19% growth in the online market. Overall, however, gambling revenue is down by 13% when compared to 2019…

Finance ・ 23 December 2021

iGaming Business

JVH subsidiary secures Dutch igaming licence

Issued by Dutch regulator Kansspelautoriteit (KSA), the new licence will enable JOI Gaming to offer games of chance via the internet. The licence came into effect on 20 November, with JOI Gaming to operate igaming via the Jacks.nl in the Netherlands. JOI Gaming also owns the Jack's, Jack's Casino, Jack's Casino & Sports and Jack's Sports brand…

Sports ・ 23 November 2021

Evening Standard

Flutter snaps up online bingo group Tombola in £402m deal

he owner of Paddy Power and Betfair has agreed to buy UK bingo group Tombola for £402 million. Flutter Entertainment said it had "long admired" the online bingo firm as it unveiled the all-cash deal. Tombola's founder Phil Cronin, who set up the firm 16 years ago, will leave the business after the acquisition, with he and his family expected to net…

Bingo ・ 19 December 2021

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Yorkshire Post

Sky Bet owner acquires online bingo operator Tombola for £402m

Flutter Entertainment's acquisition of Tombola will help diversify the Sky Bet owner's products and enhance the firm's online gaming presence in its core UK market. Tombola has teams primarily located in Sunderland and Gibraltar and a fully regulated revenue base with over 80 per cent coming from the UK and 16 per cent from Italy and Spain. The…

Bingo ・ 09 August 2022

Business Live

Gambling giant Flutter buys online firm Tombola in £400m deal

Gambling giant Flutter Entertainment has bought online betting firm Tombola in a deal worth more than £400m. The owner of the Betfair and Paddy Power brands expects the deal for Sunderland's Tombola to be completed early next year, subject to approval from competition authorities. It will pay £402m in cash for the business, which employs more than…

Poker ・ 23 November 2021

Independent

Flutter acquires UK online bingo site Tombola

Dublin-based gambling firm Flutter Entertainment has bought leading UK online bingo operator Tombola for £402m (€479m) ombola has around 400000 average monthly players and over 700 employees. It has seen compound annual growth in revenue of 23pc over the last five years. In its financial year to end-April 2021, Tombola generated pro forma revenue…

Bingo ・ 25 November 2021

Vegas Slots Online

Sky Vegas Offered Free Spins to Self-Excluded Gamblers

Sky Vegas, an online casino brand owned by Flutter Entertainment, is now under investigation by the UK Gambling Commission (UKGC) over allegations that it offered free spins to gambling addicts. The operator allegedly sent promotional messages to gamblers who had self-excluded and people who had opted out of receiving marketing communications. Sky…

Bonuses ・ 04 November 2021

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BBC

Paddy Power owner revenue soars amid online gambling boom

Paddy Power owner Flutter has beaten first half expectations as more gamblers poured money into its coffers. Flutter said revenue rose 28% to £3bn as its average number of gamblers rose 40% to more than 7.5 million. Studies have suggested that online gambling soared during coronavirus lockdowns, with vulnerable groups particularly at risk. Online…

Finance ・ 10 August 2021

Casino News Daily

Codere Online to Go Public in Latest Gambling SPAC Merger

Codere Online, an online gambling division of Spanish gaming and sports betting powerhouse Codere Group, is set to soon become a publicly traded company through a combination with a special purpose acquisition company, news emerged Tuesday. The online casino and sports betting operator has entered into a definitive business combination agreement…

Sports ・ 23 June 2021

Casino Beats

LeoVegas appeal, GambleAware, Evolution, & Flutter: the week in numbers

Each week, CasinoBeats breaks down the numbers behind some of the industry's most interesting stories. Today we take a brief look at an array of financial updates from across the industry, as well as a five-year strategy released by GambleAware, LeoVegas appeal, and the "devastating" effect of COVID-19. 4.75 Super Group unveiled its intention to…

Gambling Addiction ・ 07 May 2021