Sitemap

Flutter Acquires Majority Stake of MaxBet for €141 Million

CorD Recommends

Inclusive Theatre Performance “Masks” Held at Mlekoprodukt

On 1st  June, Mlekoprodukt hosted a Family...

Nelt Group, Neoplanta, and BFF Present 2022/23 Sustainability Reports

At the #AccelerateSustainability event held today at...

More People Opting Out of News Consumption Due to Content

The latest research shows that an increasing number of people are avoiding following the news, describing it as depressing,...

French Firms Suez and Vinci to Oversee Wastewater Treatment in Belgrade

The Serbian government has enlisted French companies Suez International SAS and Vinci Construction Grands Projets for the design, construction,...

EU Ambassadors Reach Agreement to Open Accession Talks with Ukraine and Moldova

EU ambassadors have reached a preliminary agreement to open accession talks with Ukraine and Moldova, according to an announcement...

Chinese Authorities Use Artificial Rain to Quell Major Forest Fire

In an innovative approach to firefighting, authorities in China's northern Shanxi province have managed to extinguish a significant forest...

Dušan Živković Named New CEO of Elektroprivreda Srbije

Elektroprivreda Srbije (EPS) has announced the appointment of Dušan Živković as its new Chief Executive Officer, following a decision...

The world’s largest online betting company, Flutter, has secured a majority ownership in MaxBet, a leading entity in the realms of sports betting and gambling in Serbia. 

Flutter has purchased 51% of MaxBet for a significant €141 million, marking the commencement of its expansion strategy in the Balkan region. 

“This synergy will contribute to new successes and a revolutionary development of the company,” MaxBet announced in a statement. 

Flutter emphasises the attractiveness of Serbia’s betting market, valued at €700 million, citing the relatively low online penetration of around 35% and an anticipated annual online growth of approximately 15% by 2025. 

MaxBet, which reported revenues of €145 million in the calendar year up to July, with 44% stemming from online sources, also operates in Bosnia and Herzegovina, Montenegro, and North Macedonia. 

Pročitajte još...

Angola’s Foreign Minister Visits Belgrade, Emphasizes Stronger Ties with Serbian Companies

During an official visit to Belgrade, Angola's Foreign Minister Tete Antonio highlighted the importance of strengthening ties between Angolan and Serbian companies to aid...

Regional Creative Network Established in Belgrade

In an initiative led by the National Platform "Serbia Creates" and the Ložionica Center, the first gathering of creative hubs, organizations, and initiatives from...

“We believe MaxBet represents an excellent opportunity to replicate the success we’ve experienced in markets such as Georgia, India, and Italy,” stated Flutter’s Chief Executive Officer, Peter Jackson. 

Generating 78% of its revenue from its main headquarters in the USA, Australia, the UK, and Ireland, Flutter operates in over 100 countries worldwide.

Related Articles

German Companies Seek Suppliers from the Western Balkans

In Munich, 99 suppliers from the Western Balkans, including 22 from Serbia, engaged in talks with representatives from 20 German companies.  The meetings are part...

Belgrade Prepares for Expo 2027 with a Focus on Play and Creativity

Belgrade is gearing up to host the Specialized Expo 2027, a global event set to captivate the world from May 15 to August 15,...

Angola’s Foreign Minister Visits Belgrade, Emphasizes Stronger Ties with Serbian Companies

During an official visit to Belgrade, Angola's Foreign Minister Tete Antonio highlighted the importance of strengthening ties between Angolan and Serbian companies to aid...

Regional Creative Network Established in Belgrade

In an initiative led by the National Platform "Serbia Creates" and the Ložionica Center, the first gathering of creative hubs, organizations, and initiatives from...

Lidija Tomić Named “Engineer of the Year” in Serbia for 2024

Dr. Lidija Tomić, an air traffic engineer and assistant at the Aviation Academy, has been awarded the title of "Engineer of the Year" for...

Dr Aleksandar Mitić, Institute for International Politics and Economy

Cooperation with China Raised to the Highest Level in Europe

Both Germany and France desire close cooperation with China, so any criticism of Serbia’s close relations with China is an example of double standards I...

Comment

Serbian Financial Sector’s Strong Modernisation

By prioritising digitalisation, Serbia’s financial sector can remain agile and responsive in a rapidly evolving market landscape, positioning itself for continued success in the...

Feature

Serbia’s IMF Program on Track Feature

Serbia and the IMF have reached a staff-level agreement on the third review under the Stand-By Arrangement, pending approval by the IMF Executive Board...