Flutter Entertainment Sells Oddschecker for $214.3 Million

Flutter Entertainment, the parent company of PokerStars, has announced the sale of its online betting service Oddschecker. The service, created at the end of the 1990s, currently operates in the USA and the UK. Oddschecker processes up to 8,000 lines and updates 260,000,000 coefficients daily, covering 10% of the entire online betting market in the UK.

The preliminary deal amount between Flutter Entertainment and Bruin Capital is 214.3 million dollars. Bruin Capital will pay 186.7 million dollars for the acquisition of Oddschecker, with an additional 27.7 million dollars to be paid later if certain conditions are met. The deal is expected to be finalized in the third quarter of this year.

This sale marks a significant change for Flutter Entertainment, which has undergone numerous transformations in recent years, including a merger with Stars Group.