Flutter said it completed its acquisition of Snaitech from a Playtech subsidiary in Italy. The transaction was based on an enterprise value of €2.3bn, and Flutter said it expects at least €70m in operating cost synergies within three years of closing.
The completed acquisition brings Snaitech into Flutter, with expected operating cost synergies within three years.
Quarter ended 30 September 2026
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Playtech raised its 2025 adjusted EBITDA outlook to at least €195m, citing performance in the US and Mexico in the final quarter. The company said the figure includes HappyBet’s operating loss and income from associates, but excludes Snaitech’s contribution for the period Playtech owned it in 2025.
FanDuel Predicts is adding sports, entertainment and combination event contracts through a partnership with Crypto.com's OG Prediction Markets, according to the companies. Customers are expected to see contracts from OG Prediction Markets and CME Group this week, coinciding with the start of the World Cup.
FanDuel reportedly plans to make Christian Genetski its permanent chief executive from 1 January 2027, ending his interim tenure. The reported appointment was communicated to Flutter staff, but neither Flutter nor FanDuel has confirmed it. Genetski became interim CEO in May 2026 after Amy Howe stepped down.
Christian Genetski is set to become FanDuel's permanent chief executive, after an interim stint of nearly six months. The job becomes his officially on 1 January 2027. As of the report, no confirmation of the appointment had come from Flutter or FanDuel.
Peter Jackson, outgoing chief executive of Flutter Entertainment, has restated the company's intention to strengthen its position in the UK market. Flutter leads the UK through its Sky Bet, Paddy Power and Betfair brands, the report said.
Flutter Entertainment chief executive Peter Jackson said regulated online sports betting offers a better product than prediction markets. He said prediction markets grow where no licensed betting offer exists, leaving illegal bookmakers as their only competitor.