Flutter: Betfair and Paddy Power owner pays £123m for Serbian betting company

The owner of major betting companies such as Paddy Power and Betfair, Flutter Entertainment, has bought a 51 per cent stake in Serbian gambling operator MaxBet Kladionica. The Irish gambling giant shelled out €141m (£123m) for MaxBet with an option to acquire the remaining 49 per cent in 2029. Shares nudged up nearly one per [...]