Flutter’s restructuring of PokerStars division leads to job losses

In its recent restructuring strategy, Flutter Entertainment, a global gambling powerhouse, is gearing up for substantial changes within its PokerStars division. These changes have the potential to impact a significant number of employees, particularly those in marketing and commerce roles.

Inside look at the restructuring

Over the past couple of weeks, over a hundred PokerStars employees received an email outlining the impending restructuring. Priot to taking this direction forwad, the company carefully considered the matter seeking expert advise. The primary objective of these changes, as confirmed by Flutter Entertainment, is to enhance their services in key markets. Their vision is to adopt a more localised approach, one that aligns with the company’s customer base.

Job losses and streamlined operations in Leeds and Malta

The brunt of these changes will be felt by employees at Flutter Entertainment’s Leeds office in the UK, with potential layoffs also looming over the Malta office. Despite these challenges, Flutter Entertainment remains optimistic and is working diligently to relocate affected staff where possible rather than making them redundent. The company commitment to streamlining operations to improve strategic planning aims to minimise overlaps. The ultimate goal for the company is to strengthen its teams to better serve its primary markets.

Background and competitors

Flutter Entertainment’s decision to reorganize its PokerStars division signifies their commitment to delivering enhanced services to its customers. The approach to localisation is expected to strengthen the company’s position in the gambling industry.

As for the deal between Flutter Entertainment and PokerStars, it’s important to remember that Flutter Entertainment acquired The Stars Group (TSG), the parent company of PokerStars, in 2020. This acquisition solidified the presence of both companies in the online gaming and betting industry, making them a unified formidable player in the market.

PokerStars, under the Flutter Entertainment umbrella, faces competition from various industry leaders, with one of their primary competitors being GVC Holdings, now known as Entain. This deal between Flutter and PokerStars aimed to strengthen a leading position in the sector. The strategic restructuring is aimed towards continued growth in the highly competitive online gambling sector.

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