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.”

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

Bet-at-home AG has announced that it bolstered its commercial status and its revenue, in spite of the €11.5 million Austrian tax burden that was impos...

Read more »

LeoVegas has restored its five-year Swedish gambling license, since it managed to win its appeal against the country’s gaming regulator Spelinspektion...

Read more »

The popular online bookmaker Interwetten has announced the signing of a sponsorship deal with the Greek Super League, which is the top tier football l...

Read more »

William Hill signed a new sports betting partnership with the NBA and became the official bookmaker of the best basketball league in the world. With t...

Read more »

Bethard has announced that it entered the Spanish market and that it will be operating under its official .es domain. Its Spanish sportsbook, which is...

Read more »

A new draft law on online gambling was submitted to the Greek Parliament on the evening of 9/10/2019. The new draft has radically taken a different di...

Read more »

The Italian football club Juventus has signed a three-year partnership agreement with 10Bet. The popular online bookmaker is now the official gaming a...

Read more »

A huge and most surprising move has been made from the William Hill board, which has announced an unexpected change in the brand’s leadership. As the ...

Read more »

The well-known betting exchange Matchbook has officially declared that it will be charging a set 2% commission on all sports wagering that takes place...

Read more »

The new season in the Premier League is about to begin and most of the sides are finalizing their new partnerships. The latest is the one that sees Ma...

Read more »