Former bosses at online bingo company Tombola made a £74.3m charity donation before it was acquired by betting giant Flutter Entertainment, new accounts show.
The accounts for the Sunderland-based firm show the huge charity donation precipitated a £46.5m operating loss in 2022. The documents, filed at Companies House, only say the sum was paid to "a number of local charities and other institutions" with both Tombola and Flutter not wishing to elaborate further when asked by BusinessLive.
The move follows £12m of donations reported in the previous financial year. Tombola, which is known for its sponsorship of ITV's I’m A Celebrity, Get Me Out of Here, has historically supported charities but this latest amount is by far the largest.
