Home » Betsson to lay-off 160 employees

Betsson to lay-off 160 employees

Betsson governance 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.”

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.

Former MGA executives face serious charges

The Malta Gaming Authority (MGA) has issued a statement confirming that the ex-Chief Technology Officer (CTO) Jason Farrugia and his wife have been ch...

1XBet gets a €400.000 fine in Netherlands

The Dutch gambling regulator KSA has issued 1XBet with a huge fine in the amount of €400.000 for offering its services to the customers of the territo...

AGCO Deadline For Unregulated Bookmakers Has Passed

The transition period for bookmakers in Ontario to switch to the regulated market ended yesterday, October 31, according to a statement from the Alcoh...

Khabib vs Gaethje Betting Odds & Predictions

The world of fighting sports is in line for a massive bout, the first of that magnitude within 2020. The recent pandemic has spoiled many significant ...

Is Online Gambling Legal in Germany

Gambling can be traced in Germany all the way back to Roman times when soldiers were playing several forms of dice games. At some point after the intr...

Paris FC and Vbet sign sponsorship deal

The online bookmaker Vbet will be the official betting sponsor of the French club Paris FC for the rest of the 2021/22 season and throughout 2022/2023...

AFC Bournemouth partners up with QuinnBet

Quinnbet and AFC Bournemouth have made an agreement until the end of the season, and the popular bookmaker will be the club’s official betting partner...

Government Review of FOBTs to Define GVC Move on Ladbrokes Coral

GVC Holdings has already had two failed attempts of acquiring Ladbrokes Coral, most recently last August when the betting giant offered a reported £3....

Next Manchester United Manager Odds After Ten Hag’s Dismissal

Erik Ten Hag was fired after the loss to West Ham during the weekend. Manchester United was already struggling this season, being 14th in the Premier ...

France’s online betting activity doubled according to ANJ

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...

Bookmakers A-Z List

Full List is Loading...

TOP BOOKMAKERS

On Bookmakers.bet you can find the best and most reliable online bookmakers. You are advised to sign up and place your bets on our trustworthy premium partners. Click on each bookie's logo to read a detailed review, view the Book Spy's comments and reviews from other players or click on the “All Bookmakers” option to view our complete list of betting companies.

PREMIUM BOOKMAKERS

Accept players from your country

100% up to $130

exclusive

Claim

100% up to €100

Claim

100% up to $250

Claim

100% up to $500

Claim

100% up to $100

Claim

100% up to €500

Claim

200% up to $200

Claim

100% up to €500

Claim

150% up to $100

exclusive

Claim

120% up to $20,000

exclusive

Claim

100% up to $100

Claim

100% up to €5,000

Claim

100% up to $500

Claim

100% up to €100

Claim

300 USDT in Freebets

Claim

All Bookmakers

100% up to $130

exclusive

Claim

100% up to €100

Claim

100% up to $250

Claim

100% up to $500

Claim

100% up to $100

Claim

100% up to €500

Claim

200% up to $200

Claim

100% up to €500

Claim

150% up to $100

exclusive

Claim

120% up to $20,000

exclusive

Claim

100% up to $100

Claim

100% up to €5,000

Claim

100% up to $500

Claim

100% up to €100

Claim

300 USDT in Freebets

Claim

All Bookmakers

Players Reviews

Rate the bookmaker of your choice and help the community grow. Before you submit your review, please read the Terms & Conditions.

Payment Methods

On this section you may find which bookmakers will allow deposits through Credit Cards, Skrill, Neteller and Crypto. You can also view information for every deposit and withdrawal method.

Bookmakers with Visa

Bookmakers with Skrill

Bookmakers with Bitcoin

View all the bookmaker payment methods here

Bookmakers.bet Commitments

On Bookmakers.bet, we are committed to giving valuable betting advice to all levels of players. Whether you are an amateur or a professional bettor, we will show you all the necessary steps to become successful. From fundamentals, such as opening an account and completing the KYC process, to advanced principles, like avoiding scam bookmakers and making the most out of the bonuses, we have all bases covered.

Safe Bookmakers

Although it might seem tempting to sign up with an unverified bookmaker offering a huge welcome bonus, you may be caught in a scam. It is far preferable to choose a well-known and respected sportsbook. With so many options, doing the research can be time-consuming and tedious. On our Bookmaker Ratings page, you can find a complete list of trusted bookies alongside an honest review for every sportsbook.

New Bookmakers

It’s no secret that online gambling has exploded during the past decade. More and more users enjoy the occasional wager on their favorite sports and leagues. This is why New Bookmakers appear daily. Of course, competing with established sites is not easy. For that reason, new sportsbook tend to provide better bonuses, higher odds and quicker withdrawal

Scam Betting Sites

The unfortunate truth of online betting is that numerous sites are after your hard-earned money. Rejecting withdrawals, bonus cheating, closing accounts, offering fake odds and rigged games are only some of their common practices. Therefore, we have compiled a list of known Scam Bookmakers. Also, since new bookies appear regularly, we update our list daily based on reviews and player comments.

Mobile Betting Apps

Many online bookmakers have developed Mobile Betting Apps where the offering is accessible to a smartphone at any time. However, they are not all equal in terms of navigation, features and design. For that reason, we have evaluated all available applications and given you all the necessary information, including how to download them, as well as which ones offer Live Streaming on full screen and which bookmakers come with mobile-only bonuses

Betsson to lay-off 160 employees

What are the Consequences of this Decision?

More articles