Flutter Entertainment acquires Tombola for £402m

Simona Boshkova | Published 18 Nov 2021, 10:45 a.m.

In the past few months, a lot of partnerships and acquisitions between providers have been announced. We’ve talked about Future Anthem and Gamesys which came up with a new initiative, and about three game providers that expanded across Europe. As it seems, the partnerships won’t stop there, as we have another announcement to make in this article.

Namely, Flutter Entertainment, a company created by the merger of Paddy Power and Betfair, has acquired Tombola for an enterprise value of £402m. Tombola is one of the UK biggest bingo companies, with headquarters in Sunderland.

The acquisition will finish in the first quarter of 2022

It’s official: Flutter Entertainment will acquire Tombola, one of the UK market’s leading bingo operators. The acquisition has an enterprise value of £402m ($542.90m).

Under the agreement, Flutter will pay £402m in cash upon completion for 100% of the business. The transaction will be approved by the UK Competition and Markets Authority. It’s expected that the acquisition will be completed in the first quarter of 2022.

Flutter explained that the addition of Tombola to its portfolio will deliver a wide range of strategic advantages. This includes the diversification of its products, the addition of an engaged and sustainable player base, and the addition of further product capabilities.

Peter Jackson, Flutter's chief executive, commented: “As the world’s leading online gambling operator, Flutter is delighted to add Tombola, the UK’s premier bingo brand to the Group. Tombola is a business we have long admired for its product expertise, highly recreational customer base and focus on sustainable play.”

“The brand aligns closely with Flutter’s safer gambling strategy, a key area of focus for us. I am excited to combine Flutter’s digital marketing expertise with Tombola’s operational capabilities within the UK & Ireland division.”

Sportsradar and NBA announce partnership

In the meantime, another interesting partnership was announced. As you’ve suggested from the title, Sportradar has signed an exclusive multi-year partnership agreement with the US National Basketball Association (NBA). According to the agreement, NBA will be provided with an equity stake in Sportsradar.

It’s expected that the partnership will officially start with the 2023/24 NBA season. As part of the partnership, Sportsradar will be the exclusive provider of NBA and NHL data worldwide, helping fans engage with the three leagues.

Furthermore, the partnership includes expanded distribution rights regarding the use of player tracking data, with Sportradar set to establish a dedicated team to innovate and transform the fan experience.

Carsten Koerl, Global CEO at Sportsradar, commented: “We are delighted that the NBA has chosen Sportradar as the Official Partner who can support the global popularity and explosive growth of the game.”

“Basketball is the largest US sport in the world by popularity and, as a market leader, we are best positioned with the technological expertise and industry relationships to help the NBA entertain fans globally.”

Scott Kaufman-Ross, Senior Vice President, Head of Gaming & New Business Ventures, NBA, added: “Sportradar has been a terrific partner as the league has navigated its exploration into the global sports betting landscape.”

“As the market matures, we are thrilled to extend our partnership with Sportradar to utilise data and insights to create new fan experiences and innovate around the NBA globally.”

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