The office will hire for data analytics and engineering roles to grow its headcount to 900 by 2024. It aims to have 40% of leadership positions in the office filled by women by 2026.
Flutter Entertainment (NYSE:FLUT; LSE:FLTR), a leading global online sports betting and iGaming operator, has opened a new Global Capabilities Centre in Hyderabad, India.
Located at RMZ Spire in Knowledge City, one of India’s leading technology parks, the opening of this facility marks a significant investment of $3.5 million and commitment to the Indian skills market. Spread over 80,000 square feet across three floors, the new location is a hub of innovation and excellence and is currently home to over 700 employees working across data engineering, game integrity services, HR operations, procurement, safety and security, and customer operations.
Leveraging the power of the company’s unique competitive advantage – the Flutter Edge, the team based here will play a pivotal role in supporting Flutter’s global growth across world-class brands such as Paddy Power, Sisal, Sky Betting & Gaming, PokerStars, Sportsbet and Betfair.
Flutter’s global sustainability agenda, the Positive Impact Plan, is also clearly reflected in this investment. Gold certified by the US Green Building Council, the workspace is recognised for its leadership in energy and environmental design, demonstrating our commitment to reducing our environmental impact and “Go Zero”. As part of our commitment to “Do More”, we will donate £30,000 in 2024 to support local initiatives around Hyderabad, demonstrating our focus on making a meaningful impact in the communities where we live, work and play.
Phil Bishop, Chief Operating Officer, Flutter Entertainment, said, “Our expansion in India marks a major milestone in Flutter’s growth and demonstrates our ongoing commitment to investing in talented people to drive business growth globally. With centres of excellence in data engineering, game integrity services, customer and HR operations, procurement and finance, and through the power of Flutter Edge, the Hyderabad Global Capability Centre is designed to foster creativity and growth, and strengthen our presence in the Indian jobs and skills market.”
Ashish Sinha, Managing Director, Flutter Entertainment India, added: “We are pleased to expand our facility in Hyderabad as we continue to strengthen our presence in India. India represents a tremendous opportunity for our business as we remain committed to our challenger mentality and aim to grow whilst leading the space globally. This expansion is in line with our global vision to change the game by enabling continuous improvement in iGaming and sports betting products and technology across our portfolio of brands.”
About Flutter Entertainment:
Flutter is the world’s leading online sports betting and iGaming operator, with market-leading positions in the US and around the world. Our ambition is to leverage our significant scale and challenger spirit to change the industry for the better. We believe that by changing the game, we can deliver long-term growth while driving a positive, sustainable future for all stakeholders. We are well positioned to achieve this through Flutter Edge’s unique global competitive advantage. Flutter Edge not only enables our brands to access group-wide benefits to give them an edge over the competition, it also provides us with a clear vision for sustainability through our Positive Impact Plan.
Flutter operates a diversified portfolio of leading online sports betting and iGaming brands, including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, MaxBet, Junglee Games and Adjarabet. The company is an industry leader with worldwide revenues of $11.79 billion in fiscal year 2023, up 25% year-on-year, and worldwide revenues of $3.611 billion for the quarter ending June 30, 2024.