Flutter Entertainment has agreed to buy Italian gambling operator Snaitech in a cash deal valued at €2.3 billion.

Flutter Entertainment said it was buying Italian gambling company Snaitech from Playtech in a cash deal valued at $2.6 billion.

Flutter Entertainment Plc agreed to buy Playtech Plc’s Italian gambling business for €2.3 billion ($2.6 billion) in cash in its latest international acquisition as the FanDuel owner takes advantage of a growth surge in the US.

Snai is a major get for Flutter, owner of the popular U.S. brand FanDuel. The Italian operator that offers online sports betting and horse racing boasts 291,000 average monthly players.

Flutter Entertainment (FLUT) has agreed to acquire Italian gambling company Snaitech S.p.A. for €2.3 billion from UK gambling technology firm Playtech (PYTCY). Snaitech, the number three..

Flutter Entertainment has reached definitive terms with Playtech Plc to acquire Snaitech SPA for €2.3bn, aiming to take the “gold medal podium position” in

The world's largest betting company Flutter Entertainment has agreed a deal with UK gambling technology firm Playtech to buy its Italian unit Snaitech for €2.3 billion, including debt, the companies said today.

Flutter said on Tuesday it would buy Italy's Snaitech for 2.3 billion euros ($2.6 billion) including debt from gambling technology group Playtech, cementing its leading position in Europe's largest gambling market.

Flutter, the gaming giant that owns FanDuel, has reached an agreement to buy Italian gaming operator Snai for cash considerations at a $2.56 billion (€2.3 billion) enterprise value. Snaitech SpA is currently owned by a subsidiary of Playtech.

Dual-listed Flutter Entertainment PLC ($FLUT) ($GB:FLTR) today announced that it has agreed to acquire Italian gaming operator Snaitech S.p.A.