Flutter bets on Italian gambling market with $2.6 bln Snaitech deal

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'Not only did the accused violate our trust, but he had a complete disregard for and betrayal of the trust and generosity of an entire community,' Ms McGuire said, reading her victim impact statement to the court.



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The travel and leisure outperformed other sectors, rising 1.3%. The sub-index was boosted by a 5.2% gain in Entain after the British gambling group said the second half of this year started better-than-expected.

The Snai acquisition will strengthen its standing in Italy, giving it an online market share of about 30% when combined with its strongly performing Sisal brand, the online market leader Flutter bought in 2022.

An important point to notice is that in the Kahnawake Mohawk Territory, just outside of Montreal, internet gambling is completely legal, and the Kahnawake Gaming Comission is the body that grants online gambling licenses and hosts internet gaming sites.

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