By Frank Prenesti
Date: Thursday 18 Nov 2021
LONDON (ShareCast) - (Sharecast News) - Gambling firm Flutter Entertainment said it had bought UK bingo operator Tombola for £402m.
Tombola, based in Sunderland and Gibraltar, specialises in low stakes bingo and was the first major UK-focused operator to introduce mandatory staking and deposit limits, Flutter said on Thursday.
In it's the year to April 30, Tombola generated revenue of £164m and core earnings of £38.5m.
Flutter will pay £402m in cash. The transaction is conditional on clearance by the UK Competition and Markets Authority and is expected to complete in the first quarter of 2022.
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Currency | UK Pounds |
Share Price | 14,765.00p |
Change Today | 5.00p |
% Change | 0.03 % |
52 Week High | 17,475.00p |
52 Week Low | 12,155.00p |
Volume | 1,105,814 |
Shares Issued | 177.45m |
Market Cap | £26,200m |
RiskGrade | 135 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 11 |
Buy | 14 |
Neutral | 2 |
Sell | 0 |
Strong Sell | 0 |
Total | 27 |
Latest | Previous | |
---|---|---|
Interim | Final | |
Ex-Div | 05-Sep-19 | 11-Apr-19 |
Paid | 09-Oct-19 | 21-May-19 |
Amount | 67.00p | 133.00p |
Time | Volume / Share Price |
12:23 | 415,853 @ 14,500.00p |
16:35 | 971 @ 14,765.00p |
16:35 | 29 @ 14,765.00p |
16:35 | 125,063 @ 14,765.00p |
16:35 | 194 @ 14,765.00p |
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