Flutter Entertainment, a London Stock Exchange listed international sports betting and gambling company, has acquired a controlling stake in Serbia’s second-largest sports betting and gaming operator, MaxBet! According to the company, the acquisition conducted for a cash consideration of €141million will secure an initial 51% stake to Flutter with the opportunity to acquire the remaining 49% in 2029.

Extending Reach to Balkan Region:

The deal will enable Flutter Entertainment, formerly Paddy Power Betfair, to extend its reach to the regu…