Flutter, the owner of Paddy Power and Dublin-based gambling group Betfair, has ensured its 80 Ukraine-based contractors continue to get paid after Russia invaded the country.
In response to questions from Sunday Independent, Flutter said contractors would continue to be paid, with the group also arranging additional payments to meet needs such as travel, temporary accommodation and bulk purchase of products. Flutter also verified each contractor’s bank details to ensure they can receive payments.
Earlier this month, Flutter announced that it had canceled a six-day PokerStars European Poker Tour festival in the Russian city of Sochi, which was due to start on March 23, due to the Russian invasion of Ukraine.
The company said it expected most of the £60million it earned in Ukraine and Russia in 2021 would be lost this year.
Flutter told the Sunday Independent he had decided to suspend all his services in Russia.
On an analyst call, Flutter chief executive Peter Jackson said the company is helping entrepreneurs and their families in Ukraine. This could include relocation, where appropriate, to neighboring countries.
Separately, Anthony Casalena, chief executive of U.S.-based website builder Squarespace, told analysts last week that the company was helping move contractors from Ukraine to its office in Ireland.
Squarespace first announced plans to establish a European headquarters in Dublin in 2013, announcing the creation of 100 jobs. The online platform, which has a valuation of over 3.5 billion dollars (3.2 billion euros), allows users to create blogs, web pages, online stores and galleries without using any computer code.
In 2017, Squarespace announced that it would expand its Irish operations with the opening of a new office in Dublin. At the time, he announced that he would hire up to 185 additional employees in the coming years.