Flutter Entertainment to acquire a 56% stake in NSX Group for $350m.

Flutter Entertainment, an international sports betting and gambling company, agreed to acquire a 56% stake in NSX Group, a sports betting company, for $350m. "I am excited to announce the addition of NSX, operator of Betnacional a leading Brazilian sports betting and iGaming brand, to the Flutter portfolio. We believe that combining the extensive local expertise of the NSX team, our existing Betfair business and the power of the Flutter Edge, will create a compelling opportunity to capitalize on the growth opportunity in Brazil which presents an exciting runway of future growth," Peter Jackson, Flutter Entertainment CEO.