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    FLTR   IE00BWT6H894

FLUTTER ENTERTAINMENT PLC

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Flutter Entertainment : opens new ú15m technology and innovation hub in Leeds

10/21/2021 | 04:05am EST

21 October 2021

Flutter Entertainment opens new £15m technology and innovation hub in Leeds

  • New landmark development at 4 Wellington Place brings 1,700 employees under one roof in what is one of the largest technology hubs in the city
  • Will act as a centre of innovation in key areas such as product development, software engineering, and research and insights
  • Home to Sky Betting and Gaming's (SBG) 'Skills Academy', which provides early-career opportunities, and a self-funded Kickstart scheme for those from disadvantaged backgrounds

Flutter Entertainment's new £15m UK technology and innovation hub in Leeds is now officially open to colleagues from across its UK and Ireland and International divisions.

Designed by MEPC, the state-of-the-art workspace is home to 1700 colleagues and comprises 136,000 sq. ft of flexible space across eight floors at 4 Wellington Place in Leeds Dock - a thriving community for the media, technology, and creative industries. It has been built to the highest environmental standard, achieving a BREEAM Excellent rating on completion and includes a range of accessibility and sustainable features, meeting the WELL building standard, which aims to make the work environment healthier for colleagues.

The hub will act as a centre of excellence in technology and innovation for Flutter brands operating in the UK and Ireland, helping to drive innovation across the Group through the development of industry- leading digital products for consumers across the world, while providing highly-skilled jobs and a sizeable local investment in Leeds and the surrounding Yorkshire region.

The new site will be home to more than 800 technology professionals working in key functions such as its Global Sports Trading Platform, Digital Infrastructure, Platform Services, and Information Security. It will also include several unique attributes, including:

  • Seventh and eight floors dedicated solely for social activities between teams;
  • IT 'vending machines' for certain equipment to free up resource and time for IT colleagues;
  • £1m investment in VC and AV equipment to promote inclusive meetings between those working remotely and in the office;
  • Six electric car charging points in the basement;
  • And break-out furniture items all made from recycled Coca-Cola bottles.

The hub will continue to promote SBG's 'Skills Academy', which offers selected graduates a fully funded MSc in Digital and Technology Solutions from Sheffield Hallam University while they gain in- house experience working with technology teams across the business. To better represent the communities it operates in, SBG has also launched a self-funded version of the government's Kickstart scheme, creating 13 new roles for young people at risk of long-term unemployment. These are spread across business areas and functions including marketing, finance, people, tech and design.

Conor Grant, CEO of Flutter Entertainment UK and Ireland commented: "Our new office in Leeds is our vision for the future of working and we are excited to welcome our colleagues to this modern, agile and flexible workspace. The entire Flutter Group has benefited greatly from the leading technology capabilities we have developed in Leeds through our talented and highly skilled workforce, and this investment demonstrates our ongoing commitment to both the city and our colleagues. We will also continue to be a positive force in the communities we serve, with our Skills Academy and Kickstart scheme offering exciting opportunities for young people to develop their skills."

For further information, please contact: communications@flutter.com

About Flutter Entertainment plc:

Flutter Entertainment plc (the "Group") is a global sports-betting and gaming company reporting as four divisions:

UK & Ireland: includes Sky Betting and Gaming, Paddy Power and Betfair brands offering a diverse range of sportsbook, exchange and gaming services across the UK and Ireland, along with over 600 Paddy Power betting shops in the UK and Ireland.

Australia: the Sportsbet brand offers online sport betting and is the Australian market leader.

International: includes PokerStars, Adjarabet, Betfair and Junglee operating in multiple jurisdictions around the world offering a diverse range of sportsbook, exchange and gaming services.

US: includes FanDuel, TVG, Stardust, FOX Bet and PokerStars brands, offering regulated real money and free-to play sports betting, online gaming, daily fantasy sports and online racing wagering products to customers across various states in the US.

Disclaimer

Flutter Entertainment plc published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2021 08:03:09 UTC.


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Sales 2021 7 056 M 7 974 M 7 974 M
Net income 2021 -32,0 M -36,2 M -36,2 M
Net Debt 2021 3 034 M 3 429 M 3 429 M
P/E ratio 2021 -296x
Yield 2021 0,15%
Capitalization 20 911 M 23 647 M 23 632 M
EV / Sales 2021 3,39x
EV / Sales 2022 3,00x
Nbr of Employees 14 802
Free-Float 95,7%
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Number of Analysts 23
Last Close Price 119,60 €
Average target price 238,94 €
Spread / Average Target 99,8%
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Jeremy Peter Jackson Chief Executive Officer & Director
Jonathan Stanley Hill Chief Financial Officer & Director
Gary W. McGann Non-Executive Chairman
Zillah Ellen Byng-Thorne Independent Non-Executive Director
Michael Cawley Independent Non-Executive Director
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