Comment on Flutter Entertainment branches out in Brazil with 56% share in NSX Group

Flutter Entertainment branches out in Brazil with 56% share in NSX Group

Flutter Entertainment has expanded its presence in South America with a 56% share in NSX Group. The Brazilian company, which promotes the Betnacional brand, has agreed to let Flutter enter the market for $350m. NSX is Brazil’s fourth-largest gambling operator, with an expected revenue of approximately $256m and Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of roughly $34m in 2024. Flutter buys into Brazilian gambling operator The cash consideration for the international gambling company is $350m, which will see the creation of the Flutter Brazil brand and a 56% stake in NSX.

 

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