Commission européenne, DG COMP MERGER REGISTRY, 1049 Brux elles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 28.7.2022  
C(2022 ) 5596 final  
PUBLIC VERSION  
Flutter Entertainment plc 
Power Tower - Belfield Office Park   
Beech Hill Road  
Clonskeagh  
D04 V972 Dublin 4  
Ireland  
Subject : Case M. 10656  – FLUTTER  ENTERTAINMENT / SISAL  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 4 July 2022 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Flutter 
Entertainment plc (‘Flutter’, Ireland) will acquire within the meaning of Article 
3(1)(b) of the Merger Regulation control  of the whole of Sisal S.p.A. (‘Sisal’, Italy)  by 
way of purchase of shares .3 
2. The business activities of the undertakings concerned  are the following : 
 Flutter: global sports betting, gaming and entertainment operator,  
 Sisal: betting, gaming and lottery ope rator. 
                                                 
1 OJ L 24, 29.1.2004, p. 1  (the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The termi nology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 265, 11.7.2022, p. 13. 

2 3. On 1 July 2022, the Commission adopted a Decision pursuant to Article 4(4)  of 
Council Regulation (EC) No 139/2004, in conjunction with Article 57 of the 
Agreement on the European Economic Area , to refer the assessment of the effects of 
the operation  on the relevant markets in Italy to be examined by the competent 
authority of Italy.4 This Decision therefore does not apply to Italy.  
4. After examination of the notification, the European Commission has concluded that 
the notified operation falls within t he scope of the Merger  Regulation  and with resp ect 
to the relevant markets outside of Italy, falls within the scope of paragraph 5 (c) of the 
Commission Notice on a simplified procedure for treatment of certain concentrations 
under Council Regulation (EC) No 139/2004 .5 
5. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement  outside of Italy . 
This decision is adopted in application of Article 6(1)(b) of the Merger  Regulation  and 
Article 57 of the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
 
                                                 
4  Commission decision C(2022) 4776 final and correcting decision C(2022) 5135 final  
5  OJ C 366, 14.12.2013, p. 5 .