FanDuel parent Flutter looks for international growth with big acquisitions in Italy, Brazil

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FanDuel parent Flutter looks for international growth with big acquisitions in Italy, Brazil
ItalyFlutter Entertainment PLCPeter Jackson
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Flutter is making acquisitions in Italy and Brazil as the British parent company of FanDuel looks to international markets for growth.

It also announced a major deal in Brazil last week, as Flutter looks to a range of international markets for growth.People walk by a banner outside of the New York Stock Exchange for the initial public offering of Flutter Entertainment, the parent company of FanDuel, on Jan. 29, 2024.In an email to CNBC, a Flutter spokesperson said the company is "hugely excited" to add another leading brand to its portfolio "in what is Europe's largest regulated market.

Snai operates roughly 1,600 gambling shops and a variety of online poker and casino games. Flutter has been building up its presence in the country. It also The company's strong brand awareness will likely be an advantage given Italy's tough restriction on advertising and marketing.

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