Flutter Entertainment Plc has announced this morning that Richard Flint has decided not to stand for re-election as a member of the board of directors of the FTSE 100 global gambling group.
The former Chief Executive of Sky Betting & Gaming (Sky Bet), Flint has served as a Corporate Director of Flutter Entertainment, a company formed from the transformative merger of Paddy Power Betfair and The Stars Group Inc in 2020.
Flint oversaw the launch and growth of the Sky Bet business under BSKYB to become one of the UK’s leading online betting brands. His tenure saw Sky Bet acquired successively by PE fund CVC Capital for £800m in 2014 and subsequently by The Stars Group in 2018 for £4bn.
Beyond commercial achievements, Flint led calls for the industry to improve its standards and customer protections to enhance long-term sustainability, urging operators to invest in technologies to improve gambling harm interventions.
His tenure saw Sky Bet become the headline sponsor of the English Football League (EFL), which saw the operator launch the UK’s biggest campaign promoting safer gambling.
Flutter Chairman John Bryant said: “The Board wishes to thank Richard for the considerable value and strategic insights he has brought to Flutter during his tenure and acknowledges his tremendous contribution to the development of the Sky Bet business since its inception in 2001. We wish Richard every success for the future.”
At the close of 2023, Flutter announced 29 January as the target date for its dual listing on the New York Stock Exchange (NYSE).
Flutter’s intentions to list on the NYSE were first announced in Q1 2023, as the company achieved its goal to become the highest-valued online gambling PLC.
As detailed by corporate governance, the NYSE listing will provide Flutter the platform to pursue its next goal of becoming global gambling’s highest-valued firm across all disciplines.