In a statement, the ower of Paddy Power said it also has the opportunity to acquire the remaining 49% stake in MaxBet in 2029.
The business generated pro forma fully regulated revenue of €145m in the 12 months to June of which 44% is online, while it also reported adjusted EBITDA of €32m. Peter Jackson, Flutter's chief executive, said today's acquisition continues the company's progress against the strategic priorities it has set for its International division; to buy and build podium positions in regulated markets.
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