Flutter Entertainment just locked in a major move in Brazil. The company has officially completed the acquisition of a 56% stake in NSX Group. This marks a key step forward in its international expansion strategy, especially in the fast-growing Brazilian market where the Betnacional brand is prominent.

• Flutter Entertainment paid around $350 million in cash for a 56% stake in NSX Group. The Brazilian group operates the Betnacional brand, a well-known name in local sports betting. The Flutter NSX acquisition brings the brand under partial ownership of one of the global online betting leaders.

• The acquisition supports Flutter’s aim to secure leadership in international markets. Brazil, now one of the most promising markets for regulated online betting, plays a central role in this strategy. Flutter’s move comes ahead of expected regulatory changes.

• NSX, through Betnacional, is a major player in Brazil’s online betting sector. Its operations and customer base provide Flutter with a strategic foothold. Flutter noted the acquisition enhances its market exposure and regional expertise.

• Flutter stated that the Flutter NSX acquisition was fully funded in cash, totaling approximately $350 million. The company now holds a majority interest in NSX. A full buyout option may remain open in the future.

• “We are excited to partner with NSX and strengthen our position in Brazil,” said a Flutter spokesperson. The deal aligns with Flutter’s ongoing focus on growth in regulated or soon-to-be regulated markets. Brazil’s sports culture and digital adoption rate make it a high-potential area for iGaming.

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