Flutter buys Italian online gaming company Sisal for almost €2bn

This latest purchase indicates that a main focus going forward for the company is expanding its presence in online gambling.

Earlier this year, shares in Flutter plummeted 12% as it spent big ahead of anticipated legislation over gambling addiction.

Paddy Power-owner Flutter completed the acquisition of leading Italian online gaming company Sisal.

The deal was done for almost €2bn and follows reports that Flutter will close some of its physical bookies in Ireland this year as more gamblers are going online to place bets.