{"id":7879,"date":"2024-09-17T10:54:20","date_gmt":"2024-09-17T10:54:20","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/09\/17\/flutter-to-fully-acquire-snaitech-expanding-italian-market-presence\/"},"modified":"2024-09-17T10:54:20","modified_gmt":"2024-09-17T10:54:20","slug":"flutter-to-fully-acquire-snaitech-expanding-italian-market-presence","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/09\/17\/flutter-to-fully-acquire-snaitech-expanding-italian-market-presence\/","title":{"rendered":"Flutter to Fully Acquire Snaitech, Expanding Italian Market Presence"},"content":{"rendered":"<div>\n<p>In a significant development, Flutter said that it has acquired all of Snaitech, solidifying its place in the Italian gaming industry. The agreement was revealed on September 17, capping several weeks of conjecture. The day before, there were tidings that a definitive accord was imminent. Subject to regulatory approval, completion is anticipated by the second quarter of the following year.<\/p>\n<h2>Strengthening Flutter\u2019s Global Strategy<\/h2>\n<p>This acquisition aligns with Flutter\u2019s long-term goal of strengthening leadership in key international markets. Flutter\u2019s portfolio in Italy already includes major brands such as <a href=\"https:\/\/igaming.org\/casino-news\/flutter-entertainment-announces-pokerstars-reorganization-with-job-losses\/\">PokerStars<\/a>, Betfair, and Tombola, alongside Sisal, which it acquired in 2021. With Snaitech under its wing, Flutter aims to boost its presence in the fast-growing Italian gambling sector.<\/p>\n<p>Snaitech, known for its strong position as Italy\u2019s number three online operator, commands a 9.9% market share in 2023, according to the local regulator ADM. The company also boasts an impressive retail network with 2,000 betting locations, holding a 19% share in Italy\u2019s retail betting market.<\/p>\n<p>Flutter anticipates significant cost synergies from the deal, estimating savings of around \u20ac70 million within three years. Through Flutter Edge, the company will leverage its global resources, including advanced pricing, risk management, and in-house casino content, to enhance Snaitech\u2019s offerings and customer experience.<\/p>\n<p>The acquisition still requires regulatory approvals, and further updates will be shared during Flutter\u2019s investor day on September 25.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow noopener\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/flutter-to-fully-acquire-snaitech-expanding-italian-market-presence\/\">Flutter to Fully Acquire Snaitech, Expanding Italian Market Presence<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a significant development, Flutter said that it has acquired all of Snaitech, solidifying its place in the Italian gaming industry. The agreement was revealed on September 17, capping several weeks of conjecture. The day before, there were tidings that a definitive accord was imminent. Subject to regulatory approval, completion is anticipated by the second [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-7879","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=7879"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7879\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=7879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=7879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=7879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}