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Sports
September 5, 2023
Barstool Sports Founder Hints at Plans for Layoffs
Barstool Sports, the leading sports media brand, founded by Dave Portnoy, may lay off some of its employees, its founder and current owner confirmed on Barstool Sports Radio recently. Initially founded in 2003, Barstool Sports was acquired by Penn Entertainment in a deal with a total price tag of $551 million, dating to 2020. After […]
Industry
April 19, 2023
The Star May Slash Approximately 500 Workplaces
The Star Entertainment Group, the leading entertainment and gambling company in Australia, released a new trading update, confirming the possibility to reduce its workforce. On Wednesday, the company revealed it plans to cancel its short-term and other incentives for FY23, while at the same time freezing salaries for non-EBA (enterprise bargaining agreement) employees. What’s more […]
Business
February 2, 2023
DraftKings Lays Off 3.5% of Its Global Workforce
DraftKings has joined FedEx and Rivian Automotive in announcing job cuts, aligning with a growing trend among US corporations. The company announced the move aims to boost efficiency and will affect about 140 jobs. A Major Portion of the Job Cuts Are in Europe, Asia, and the Middle East The majority of the impacted positions […]
Business
January 19, 2023
Bally’s Plans 15% Layoffs in North American Interactive Segment
The announcement came on Wednesday after the company filed Form 8-K with the US Securities and Exchange Commission. The filing reveals that Bally’s plans to reduce its operating costs and boost the profitability of its North American Interactive segments. Redundancies a Part of a Restructuring Plan The announced restructuring plan involves the reduction of the […]
Business
August 24, 2020
Mass Layoffs in Nevada Continue, Some Properties Face Permanent Closure
Casinos and other hospitality businesses in Las Vegas continue to lay off people due to the adverse effect from the coronavirus spread, with the latest being Casino Royale. According to a notice which became public Friday, effective August 10 the casino operator is permanently laying off 98 employees. Immediate Layoff Announcement The notice that was […]
Casino
May 6, 2020
Warn Notice for Furloughed MGM Employees, Layoffs Inevitable
MGM Resorts reportedly sent a notice to its furloughed employees Tuesday, warning them that some of them may not be re-employed within the next 6 months, and some will be laid off. The gaming and hospitality operator encouraged its workers to search for an alternative job as the uncertainty prevailing at the moment cannot allow […]
Business
April 7, 2020
Tabcorp Trims Costs by Temporary Layoffs, More Than 700 Employees Affected
Tabcorp, the Australian lottery and gaming provider, has introduced cost reduction measures to respond to the negative impact on its revenue due to the coronavirus spread, that included the temporary layoff of more than 700 employees. Yet, the full extent of the blow the company is taking from the ongoing health crisis on its bottom […]