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Sports BettingAugust 7, 2021·1 min read
Bruin Capital Acquires Oddschecker from Flutter for $214.3 Million
Bruin Capital has acquired Oddschecker from Flutter Entertainment for $214.3 million. The deal is subject to regulatory approval, which Flutter Entertainment is currently awaiting. Bruin Capital is a New York-based private equity firm.
Flutter Entertainment will pay $186.7 million immediately in Q3 of this year, with an additional $27.7 million payment conditional upon undisclosed factors.
Oddschecker is a significant player in the UK betting market, influencing as much as 10% of all bets placed—a massive $4.2 billion per year. The company provides 260 million odds updates every single day, making it the top oddsmaker in the country. PokerNews, founded by high-stakes player and politician Tony G, is not part of the deal with Bruin Capital. PokerNews was sold to The Stars Group in 2010, which was later acquired by Flutter.
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