Flutter Entertainment is reportedly finalizing a £2 billion ($2.64 billion) deal to acquire Playtech's consumer operations, specifically its Italian subsidiary Snaitech, a major player in the Italian gambling market. This acquisition, expected to be announced imminently, reflects Flutter's strategy of expanding its footprint in regulated markets and enhancing its offerings in Europe. The move also indicates Playtech's shift towards a business-to-business model, allowing it to concentrate on software solutions for the gambling industry. Playtech's shares surged following a settlement with Caliente, a Mexican gaming firm, which has improved its financial outlook. Analysts suggest that this divestiture could lead to further acquisition opportunities for Playtech in the future. Flutter's CEO highlighted the importance of this acquisition in achieving a leading position in Italy's fast-growing online gaming market.