Red Engine secures £60M facility to drive global expansion
The total Red Engine and partners’ estate currently stands at 25 venues, 17 owner-operated, and 8 partner-owned by State of Play Hospitality and Night Owl
Red Engine has announced today that it has secured a new £60m facility from Santander, HSBC and Barclays.
The company behind Flight Club Darts and Electric Shuffle has revealed that it plans to use this capital for a global expansion drive.
Red Engine will open Electric Shuffle Manchester and New York and Flight Club Liverpool and Oxfordthis year.
Furthermore, its franchise partners opening pipeline for 2024 consists of Flight Club Philadelphia, Washington, Sydney and Melbourne.
The total Red Engine and partners’ estate currently stands at 25 venues, 17 owner-operated, and eight partner-owned by State of Play Hospitality and Night Owl.
Ross Shepley-Smith, CFO at Red Engine, said: “For the last nine years, everything we have done has been with our customers in mind. Our in-house game developers, our interior and design teams, our venue teams of chefs, bartenders and everything in between, have strived to give people the best experience possible.
“It’s because of this that we’ve built such a loyal customer following, and it’s these customers that have made it possible to grow as we have done. Our mission has always been to make groups of friends everywhere ridiculously happy, and we couldn’t be more excited to continue that journey with this new facility.”
Zelmari Geldenhuys, associate director – Strategic Debt Solutions at Santander, added: “Red Engine continues to deliver impressive growth across multiple geographies. Santander has supported this growth since 2016 and we are delighted to be able to continue to do so at this important juncture in the Group’s evolution.”