Flutter creates Italian parent company for six Southern Europe and Africa markets
Business1 min read
Flutter has established Flutter S.p.A., the new name for Sisal S.p.A., as the parent company for its licensed entities in Italy, Spain, France, Portugal, Turkey and Morocco. The company said Sisal, Snai and PokerStars will retain their existing identities, while its Italian operations will be organised into Digital Italy and Retail & Omnichannel Italy functions.
Flutter has created Flutter S.p.A. to act as its Southern Europe and Africa parent, bringing six markets under one company, regional chief executive Roberto Di Fonzo said.
The parent will control the group's licensed entities in Italy, Spain, France, Portugal, Turkey and Morocco. Sisal, Snai and PokerStars will retain their identities and continue operating under their existing brands.
In Italy, activities across the three brands will be integrated into two functions. Digital Italy will manage and develop digital activities, while Retail & Omnichannel Italy will oversee the physical network and integration between channels.
Marco Tiso and Camilla Folladori are leaving Flutter. Flutter S.p.A. is the new name for Sisal S.p.A., and the change is being registered with the business register.