Flutter Entertainment Investing ₹25 Croreto Launch Global Capability Centre in Hyderabad: A New Dawn in the Real Estate and Businesses World
The Gambling Operator Invests $3.5 Million in a New Hyderabad Facility
Just a few months after global casino and sportsbook operator Kindred Group PLC entered the local high-skilled job market by establishing a new Tech Hub in “the Silicon Valley of India” Bengaluru, the world’s biggest gambling company with a market cap of $37.5 billion (₹3.15 lakh crore) Flutter Entertainment PLC announced it has invested $3.5 million (₹29.4 crore) in a new Global Capability Center (GCC) in Hyderabad.
Around 700 employees are already crowding the new facility, which spans across three floors and 80,000 sq. ft (7430 sq.m) at the RMZ Spire in Hyderabad’s Knowledge City, and Flutter plans to expand its workforce in India to 900 people within the current year of 2024 and attract 40% 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,” stated Flutter’s Chief Operating Officer (COO) Phil Bishop.
Flutter Entertainment is the proud owner of a number of popular gaming brands, such as the likes of FanDuel, Betfair, PaddyPower, PokerStars, and Junglee Games, among others. Collectively, Flutter’s brands brought in $11.79 billion (nearly ₹1 lakh crore) in revenues globally for the fiscal year of 2023, a 25% increase YoY (Year on Year).
According to Flutter Entertainment’s official press release, the around 700 desi employees in the new GCC in Hyderabad work in various highly skilled fields, including “Data Engineering, Game Integrity Services, HR Operations, Procurement, Safety and Security, and Customer Operations.”
The management hopes to rope in more top talent in Data Analytics and Engineering through Flutter Edge, the company’s “distinctive, global competitive advantage across talent, technology, product and capital, which enables a symbiotic relationship between [Flutter’s] brands and the sharing of expertise company wide,” which will be now employed as the giant’s unique talent acquisition and retention program.
“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 Global Capability Centre is designed to foster creativity and growth and strengthens our presence in the Indian employment and skills market,” Phil Bishop pointed out.
“We are excited to expand our facility in Hyderabad as we continue to strengthen our presence in India. We aim to grow while maintaining a challenger mindset and leading the sector globally and India presents a significant opportunity for our business,” Flutter Entertainment India’s Managing Director Ashish Sinha said.
“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,” Ashish Sinha added.
Hyderabad has continued to attract investments from across the globe, and Flutter Entertainment is now among the host of international business ventures that have invested in the city, with an investment of close to $3.5 million. This latest investment to be made in establishing a Global Capability Centre is surely going to set a fillip in the real estate and business landscape of this city. Now the establishment of GCC by Flutter Entertainment underlines the growing importance of Hyderabad as a global centre for technology and innovation.
Why Hyderabad? The Ideal Place for Global Expansion
Hyderabad is known as the Silicon Valley of India, is one of the favored destinations for multinationals. One of the most picked reasons for this state is best-in-class infrastructure, skilled manpower, and a thrusting business environment. The city boasts super connectivity, be it transportation or digital infrastructure, great for business looking out to take a lead in India.
With real estate projects mushrooming in areas like Gachibowli, Madhapur, and the Financial District, Hyderabad indeed represents a fusion of corporate growth with lifestyle. The fact that Flutter Entertainment has launched its GCC proves the attractiveness of Hyderabad for companies, investors, developers, and technology companies.
At **46acres.com**, we are now witnessing a significant demand for both commercial spaces and luxurious residential projects in these techie belts. As more and more companies establish their offices here, the real estate market is booming.
The Impact on Real Estate
The investment by Flutter Entertainment is sure to attract many employment opportunities, thus driving demand for residential homes, office space, and retail property. A surge in professionals moving to Hyderabad with the availability of good jobs will push the city’s residential market to high-end villas, gated communities, and premium apartments.
46acres.com is a platform that contains all the updated information about property, including realty property near commercial hot spots like Gachibowli and HITEC City—where most of the tech companies are situated. Whether you want to buy a new property or rent an apartment close to these business hubs, 46acres.com has a vast listing to help you in the decision-making process.
Long-term Economic and Real Estate Growth
The setting up of Flutter Entertainment’s GCC is the epitome of not real estate growth but also a testimony to the long-term economic development of Hyderabad. Attracting big global players like Flutter Entertainment showcases a bright future for both the tech and real estate sectors in the city. The right time to invest in the real estate boom of Hyderabad is now. **46acres.com** brings an insight into some of the best properties in Hyderabad, be it commercial or residential or a mixture of both.
Conclusion
With an eye on a budget of $3.5 million, Flutter Entertainment is all set to open its Global Capability Centre in Hyderabad. This further deepens the rise of the city as a global business center. The technology sector has been booming, and the real estate market holds great opportunities for investors, developers, and homeowners. For those who want to be one step ahead in the thriving real estate market of Hyderabad, **46acres.com** is the perfect guide you need to lead your investment decisions. Click through to our platform for the latest property listings, insights, and market trends to make the most of this evolving landscape.