The Senate Science and Technology Committee has moved toward banning gambling advertising with a bill that would amend Brazil’s Sports Betting Law.The bill includes the...
Flutter completes $350M deal for 56% stake in Brazil’s NSX
Flutter Entertainment has officially completed its $350 million cash acquisition of a majority stake in Brazil’s NSX Group.
Flutter’s interest in Brazil’s NSX Group was announced back in 2024. Launched in 2021, NSX has already secured its place in the list of Brazil’s top four operators. By integrating NSX into its system, Flutter aimed to strategically expand its footprint and record revenue increase together with risk management and iGaming content.
Flutter CEO Peter Jackson commented:
“The transaction demonstrates Flutter’s powerful optionality as an ‘and’ business and aligns perfectly with our strategy for value-creating M&A. The combination of NSX’s extensive local expertise, alongside our existing Brazilian business and the advantages of the Flutter Edge, creates a compelling opportunity to capitalise on the exciting runway of future growth in Brazil.”
Financially, Flutter expects NSX to contribute around $220 million in revenue by 2025, though it anticipates a $70 million EBITDA loss as the market matures. Despite a short-term
The Brazilian market is one of LatAm’s top-performing iGaming markets, and with its millions of sports fans and a deep passion for football, the country promises big opportunities. Moreover, recently, Brazil shared the first results from the regulated iGaming market, highlighting revenues of €4 million.
The Secretary of Prizes and Betting (SPA) in Brazil, Régis Dudena, announced on January 29 that he is departing from the position to take the role of Head of the Secretariat...
