Industry News
Flutter Entertainment Acquires UK Online Bingo Site Tombola

Flutter Entertainment has acquired Tombola, one of the UK’s leading online bingo operators, for an enterprise value of £402m.
Tombola, with teams primarily located in Sunderland and Gibraltar, is a successful bingo-led gaming company with an emphasis on providing a low staking bingo proposition to a highly engaged customer base. Tombola was the first major UK-focused operator to introduce both mandatory staking and deposit limits, building a highly sustainable player base over the last 16 years. In its financial year to end April 2021 Tombola generated pro forma revenue of £164m and EBITDA of £38.5m.
Under the terms of the transaction, Flutter will pay £402m in cash upon completion for 100% of the business. The transaction is conditional on merger control clearance by the UK Competition and Markets Authority and is expected to complete in Q1 2022.
“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. As the time comes for Phil to hand over the reins, I would like to thank him for building the success story that the business is today, and I look forward to welcoming the Tombola team to Flutter and growing a sustainable business for the future together,” Peter Jackson, Chief Executive of Flutter, said.
-
eSports7 days ago
Esports World Cup Foundation Confirms Full Game Lineup, Schedule, and Club Championship Rules for EWC 2025
-
Latest News7 days ago
Midnite creates free limited-edition beer for fans to enjoy at World Snooker Championship
-
Latest News7 days ago
GR8 Tech Powers Smarter Betting with New Match Trackers
-
Press Releases7 days ago
BonusFinder Launches Practical Player Guide to Mastering Online Casino Bonuses
-
Latest News7 days ago
The Free Bet Wheel: Betting.bet Increases Player Engagement with New Gamification Tool
-
Asia7 days ago
100 Exclusive Product Launches to Debut at G2E Asia + Asian IR Expo
-
Latest News6 days ago
ACR POKER’S NEXT HIGH STAKES ADVENTURE TAKES PLAYERS TO MONTENEGRO FOR PRESTIGIOUS SUPER HIGH ROLLER SERIES
-
Conferences in Europe7 days ago
Speaking the Player’s Language: Promatic Group’s Take on Game Localization in CEE