Flutter Entertainment has officially completed the acquisition of a 56% stake in the Brazilian sports betting brand Betnacional operator NSX Group, with a cash consideration of approximately $350 million.This move merges NSX with Flutter's Betfair Brazil operations, forming a new entity under Flutte
Macquarie predicts that this NYSE-listed group's online market share in Brazil could grow by 150% in five years, from 10% to 25%.Senior gaming analyst Chad Beynon stated in the report that Flutter Brazil's growth will be driven by the Flutter Edge technology stack, "It has been proven to quickly imp
Starting coverage of Flutter this Wednesday (12), the Australian financial services consultancy Macquarie predicts that Flutter can increase its online market share in Brazil by 150% in five years, from 10% to 25%. The company purchased a 56% stake in NSX Group focused on the country in September fo
Flutter Entertainment has increased its full-year 2024 guidance for the second time this year, following a strong performance in the third quarter. Aiming to expand its presence in North America and launch in Brazil in 2025, the company reported 'excellent Q3 results' globally. Before the period cl
In May 2024, Flutter reported that its sports betting business FanDuel has become the largest iGaming operator in the United States, further consolidating its leading position in the sports betting sector.At the 2024 G2E exhibition, Flutter CEO Peter Jackson reflected on this and discussed with Gamb
Flutter is among the top three betting companies in Brazil with an 11% market share, thanks to acquiring a 56% stake in Betnacional's parent company, NSX Group. Its position in Brazil was described in some detail during the group's presentation at Capital Markets Day. Flutter said the purchase would
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