Flutter is pleased to announce that it has received all necessary regulatory confirmations with respect to the acquisition of Sisal and the transaction completed on 4 August 2022.

As outlined in our transaction announcement, the acquisition of Italy’s leading online gaming operator, in an attractive and fast-growing online market, is aligned to the Group’s strategy of investing to build leadership positions in regulated markets.

Sisal has performed strongly since the transaction was announced with year-on-year growth of 58% in revenue to £402m and 51% in EBITDA to £120m during H1 2022. The prior year was impacted by Covid-related retail restrictions.

The transaction has been completed using debt facilities agreed at transaction announcement on 23 December 2021, bringing Flutter’s expected weighted average cost of debt to approximately 3.4% for H2 2022.