Flutter Entertainment to acquire a 51% stake in MaxBet for £123m.

Flutter Entertainment, a gambling company, agreed to acquire a 51% stake in MaxBet, a sports betting and gaming operator, for £123m. "I am excited to announce the addition of MaxBet to the Flutter portfolio. This acquisition continues our progress against the strategic priorities we have set for our International division; to buy and build podium positions in regulated markets. We believe MaxBet is an excellent opportunity to replicate the success we have achieved in markets like Georgia, India and Italy by acquiring a strong brand in a podium position, where we see a compelling opportunity to combine that extensive local expertise with the power of the Flutter Edge to accelerate and transform growth," Peter Jackson, Flutter Entertainment CEO.