The gambling giant Flutter, which owns Paddy Power and Betfred, sealed a £400m deal with the Sunderland firm, saying it will boost and improve the company’s presence in the online gambling sector in the UK.
The famous bookies owner stated that he expects this deal to be finalised by the beginning of 2022, all of which depend on other authorities’ consent.
The Sunderland firm employs over 700 people, and it’s primarily known for its sponsorship of the famous ITV programme I’m A Celebrity, Get Me Out of Here.
Tombola has about 400 thousand bingo and slot machine players and moved its’ headquarters to Sunderland not that long ago.
According to their financial stats, the company made a whopping £120.1m of revenue and an operating profit of £12m.
The chief executive of Flutter Entertainment stated that they admired the work and product expertise of Tombola for so long, and now this deal will boost the company’s online gambling presence. In addition, this deal will make room for them to stand next to renowned bingo sites, as well as new bingo sites such as PlayOjo Bingo and Heart Bingo.
I always had an appetite for learning new things and random facts about almost everything, which is why when I got offered the job to work as a content writer at Don't Disappoint Me I took it without hesitation. Writing on a daily basis took my love for words and research to a whole new level, and made me realize that this is a career I would love to pursue. Although I spend most of my time researching my next piece, you can also find me on the football court, in the gym, or at home with a book in my hand.