Paddy Power owner Flutter buys leading Italian online gaming firm

Flutter said the deal “fully aligns” with its strategy of investing to build leadership positions in regulated markets globally. File picture: Denis Minihane.

Paddy Power owner Flutter Entertainment has acquired Sisal, the leading online gaming operator in Italy, for just over €1.9bn.

The Irish betting and gaming group is buying the business from a fund run by private equity giant CVC Capital Partners.