CLOSE
EXCLUSIVE Betting Bonuses
Telegram
Bookmakers Rating 
Player Ratings 
Biggest Bookmakers 
Bookmakers by Country 
Highest Odds 
Scam Bookmakers 
Bet Builder 
Cash Out 
Live Streaming 
Low deposit 
Fast Withdrawals 
No Verification 
Bookmakers Comparison 
Top 100 Bookmakers for 2024 
New Australian Bookmakers 
Best Canadian Sportsbooks 
Best UK Bookmakers 
Best USA Sportsbooks 
Bitcoin 
VISA 
Mastercard 
PayPal 
Paysafecard 
Skrill 
Neteller 
EcoPayz 
MuchBetter 
Apple Pay 
Best Sports Bookmakers 
Best Bookmakers for Football 
Basketball 
NBA 
Euroleague 
Cricket 
NFL 
Horse Racing 
Greyhound Racing 
Betting Bonuses 
Freebet Offers 
Mobile Bonuses 
Promo Codes 
Βitcoin Bonuses 
Bookmaker Offers 
Reload Bonuses 
Accumulator Offers 
Acca Insurance Offers 
Enhanced Odds Offers 
Best Odds Guaranteed 
VIP Bonuses 
Belgium 
Bulgaria 
Cyprus 
Denmark 
Finland 
France 
Germany 
Greece 
Ireland 
Italy 
Netherlands 
Norway 
Poland 
Portugal 
Spain 
Sweden 
Switzerland 
UK 
Ukraine 
India 
Indonesia 
Kuwait 
Malaysia 
Pakistan 
Qatar 
Singapore 
Thailand 
UAE 
Canada 
USA 
Australia 
New Zealand 
Brazil 
Kenya 
Nigeria 
South Africa 
Tanzania 
Uganda 
How to Bet for Beginners 
Advanced Guide to Sports Betting 
Professional Betting 
Crypto Gambling 101 
Sports Betting Calendar 
Betting Systems that Work 
Online Bet Calculators 
Betting Exchanges 
How to Bet on Tennis and Win 
How to Bet on Cricket 
How to Bet on Politics 
How to Bet on Specials 
Bookie Finder 
Industry News 
Submit a complaint 
Bookmaker Deposit Methods 
Gambling Licenses 
Betsson 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.
What are the Consequences of this Decision?
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.”
