Betsson to lay-off 160 employees

30 Jan 2018

Betsson governanceBetsson Group, one of the most prominent Nordic sports betting and casino operators, have decided to lay-off 160 of it's employees, a projected 10% of its workforce. Although it is unlikely that the enterity of these employees will be merited to be given the sack, Betsson has deemed it necessary following a double digit earnings decline in Q3 2017. It is projected that a total of €5.6 million will be annually saved from this move, with the short term results being scheduled for the financial report of Q1 2018.

This move, however, has received some scrutiny from industry experts and former Betsson employees who claim that profits were shortened due to the unpredictability of certain markets. These mainly include the recenty "witch-hunt" in the Turkish market, tax increases in Spain and slower than expected results in Netplay's UK entry. Betsson had undergone significant changes in its workforce capability in 2017, when former CEO Ulrik Bengtsson and chief technology officer Stefan Nordin had left the brand. According to the current CEO Pontus Lindwall, these moves will offer improved results in the future:  “In cooperation with the operational management team, we have started to implement actions to improve operations. The restructured organisation will be more streamlined with clearer responsibilities, which I believe will improve its efficiency over time.”

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

1Xnews, the official portal of 1xBet, has announced an agreement with football club Goa of the Indian Super League. The deal is for the 2021/22 season...

Read more »

The Premier League’s football club Chelsea and its partner, the renowned bookmaker Parimatch, have launched their brand new campaign named ‘The Chosen...

Read more »

According to recent research, gambling-related companies are the most common form of shirt sponsors in European football for another year. Over one fi...

Read more »

Despite the new regulation in Germany and the Netherlands LeoVegas, the Nasdaq-listed group, announced a 12% increase of its total revenue in the Q3 t...

Read more »

After the new agreement that the Union of European Football Associations (UEFA) and Sportradar announced, the sports betting data provider will be an ...

Read more »

The government of Sweden announced that the harsh online gambling restrictions that include a SEK 5,000 (i.e. £424/€491/$600) monthly deposit cap will...

Read more »

Entain has created an exclusive content for Formula 1 fans and will cooperate with McLaren. Via its Partypoker Sports brand, the sports betting group ...

Read more »

The Gaming Control Authority, a part of the Ministry of Finance of Lithuania, announced that it issued a warning to every sports betting company opera...

Read more »

The English football club, Queens Park Rangers (QPR) made a new agreement for a sponsorship with Gamstop. From now on QPR will dedicate matchday and p...

Read more »

According to data from the regulatory authority of France L’Autorité Nationale des Jeux (ANJ) the online sports betting sector in the country made a r...

Read more »

LATEST BOOKMAKER PROMOTIONS