Flutter locations guess on sale of Oddschecker comparison system | Organization News
1 min readThe FTSE-100 gambling group powering Paddy Energy and Betfair is checking out a sale of Oddschecker, the odds comparison platform, next the withdrawal of one of its largest rivals.
Sky News has learnt that Flutter Entertainment is doing the job with investment decision bankers on a likely disposal of Oddschecker, which has had a number of proprietors given that it was set up in 1999.
Moelis is comprehended to be doing work on the sale, which Metropolis sources explained could fetch in the region of £150m.
Oddschecker was set up in 1999
The course of action arrives as Flutter main govt Peter Jackson focuses the group on expanding its main operations.
Insiders said a determination by Entain, the proprietor of Ladbrokes, to eliminate its presence from the Oddschecker platform next the comparison service’s takeover by Flutter was a aspect in Mr Jackson’s final decision.
Oddschecker permits gamblers to evaluate rates across a assortment of brand names, which includes Betfred, 888 and Wager365.
The sale procedure arrives as Flutter prepares a partial flotation of FanDuel, its US arm, with the plans remaining examined amid a lawsuit from Fox Company, the Murdoch-controlled media team.
Under Mr Jackson, Flutter – which was previously termed Paddy Ability Betfair – has developed fast through transformational acquisitions these as the takeover of Stars Team a yr back which also gave it handle of the SkyBet business.
Flutter now has a market place worth of practically £27bn.
A Flutter spokesman declined to comment.
