Acquiring Company
Flutter Entertainment
Acquired Company
NSX Group
New York
RecifeGamingSportsNewsGamblingInformation TechnologyConsultingDescription
Flutter Entertainment has completed the acquisition of a 56% stake in NSX Group for approximately $350 million. This acquisition is expected to enhance Flutter's position in the growing Brazilian online sports betting market. The deal aligns with Flutter's strategy for value-creating mergers and acquisitions. CEO Peter Jackson expressed excitement about the local expertise NSX brings to the portfolio.
Quick answer
Flutter Entertainment is acquiring NSX Group, announced May 14, 2025. Flutter Entertainment is based in New York, New York, United States.
- How much did Flutter Entertainment pay for NSX Group?
- The deal value was not disclosed.
- What does Flutter Entertainment do?
- Flutter Entertainment is a global sports betting, gaming, and entertainment provider with a strong presence in the US market.
- Where are Flutter Entertainment and NSX Group based?
- Flutter Entertainment is based in New York, New York, United States. NSX Group is based in Recife, Pernambuco, Brazil.
- Who are the decision-makers at Flutter Entertainment?
- Fundz holds 2 contacts at Flutter Entertainment. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Flutter Entertainment, and when
When Flutter Entertainment changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Flutter Entertainment raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Flutter Entertainment, from your own LinkedIn network
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Related People
Frequently asked
Who acquired NSX Group?
NSX Group was acquired by Flutter Entertainment, based in New York. The deal was reported on May 14, 2025. Flutter Entertainment is a global sports betting, gaming, and entertainment provider with a strong presence in the US market. Flutter Entertainment is publicly traded (FLUT) and operates in Gaming.
When did Flutter Entertainment acquire NSX Group?
Flutter Entertainment's acquisition of NSX Group was reported on May 14, 2025. Flutter Entertainment has completed the acquisition of a 56% stake in NSX Group for approximately $350 million. This acquisition is expected to enhance Flutter's position in the growing Brazilian online sports betting market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does NSX Group do?
NSX Group is a leading Brazilian operator of the Betnacional brand, positioned as the number 4 operator in the Brazilian market. NSX is expected to generate revenue of approximately $256m and Adjusted EBITDA of approximately $34m in 2024. It is privately held, operating in Information Technology, and is based in Recife.
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