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INTERNET | Internet Software & Services / Gambling
tombola.uk.co

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Founded Year

2008

Stage

Acquired | Alive

Valuation

$0000 

About tombola

Tombola is an online bingo operator based in the UK. Tombola provides low stake bingo games to its customer base.On November 18, 2021, tombola was acquired by Flutter at a valuation of $542M.

tombola Headquarter Location

16 Bell Lane International House - 5th Floor

Gibraltar, England,

United Kingdom

Latest tombola News

Acquisition of Bingo-led gaming firm completes

Jan 11, 2022

11 Jan 2022 National Deals Alice Bird Sports betting and gaming company Flutter Entertainment has completed the acquisition of online bingo operator Tombola in a deal with an enterprise value of £402m. Having received all necessary regulatory confirmations, the deal completed on Monday 10 January in cash, fully funded through Flutter's current cash and debt facilities. It was revealed in November that Tombola, with teams primarily located in Sunderland and Gibraltar, had been acquired by the Dublin-headquartered company, which numbers Paddy Power, Betfair and Sky Betting and Gaming among its brands. Flutter said the addition of Tombola diversified its products, introduced an engaged and sustainable player base, and enhanced its online gaming presence in its core UK market. Speaking when the deal was announced, Flutter chief executive Peter Jackson said: "Tombola is a business we have long admired for its product expertise, highly recreational customer base and focus on sustainable play. "The brand aligns closely with Flutter's safer gambling strategy, a key area of focus for us. I am excited to combine Flutter's digital marketing expertise with Tombola's operational capabilities within the UK & Ireland division." Global investment bank GCA Altium acted as adviser to Tombola. Robson Laidler Accountants also supported Tombola on the deal. TAGS

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