Global gaming major Flutter bets big on India, opens GCC in Hyderabad
Source: Business Standard
Dublin-based online sports betting and iGaming firm Flutter Entertainment on Tuesday said it has opened a new Global Capability Centre (GCC) in Hyderabad with an investment of $3.5 million (Rs 29 crore).
The 80,000-square feet centre will host over 700 employees and focus on data engineering, game integrity, and other key functions. The New York Stock Exchange-listed company also plans to expand its staff count to 900 in a few months, and achieve 40 per cent female leadership by 2026.
“Our expansion in India marks a huge milestone in Flutter’s growth and shows our continued commitment to investing in top talent to drive business growth globally. With centres of excellence for data engineering, game integrity services, customer and HR operations, procurement and finance, and through the power of the Flutter Edge, the Hyderabad GCC is designed to foster creativity and growth and strengthens our presence in the Indian employment and skills market,” said Phil Bishop, Chief Operating Officer, Flutter Entertainment.
The company said that the teams based out of Hyderabad will play a pivotal role in supporting its growth globally across brands such as Paddy Power, Sisal, Sky Betting & Gaming, PokerStars, Sportsbet and Betfair, among others.
Further, it also announced making a contribution of GBP 30,000 for the year 2024 to support local initiatives around Hyderabad, under its social initiative — Do More.
Ashish Sinha, Managing Director, Flutter Entertainment India, said, “We aim to grow while maintaining a challenger mindset and leading the sector globally and India presents a significant opportunity for our business. This expansion aligns with our global vision of changing the game by enabling continuous improvement in product and technology across iGaming and sports betting across our portfolio of brands.”
Flutter operates a diverse portfolio of 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 clocked $ 11,790 million of revenue globally for fiscal year 2023, up 25 per cent Y-o-Y, and $ 3,611 million of revenue globally for the quarter ended June 30, 2024.
First Published: Aug 20 2024 | 4:12 PM IST
