{"id":5130,"date":"2020-03-03T07:52:38","date_gmt":"2020-03-03T07:52:38","guid":{"rendered":"https:\/\/www.casinosrealmoney.com\/news\/?p=5130"},"modified":"2020-03-03T07:52:38","modified_gmt":"2020-03-03T07:52:38","slug":"stars-group-cuts-jobs-ahead-of-upcoming-merger-with-flutter","status":"publish","type":"post","link":"https:\/\/www.casinosrealmoney.com\/news\/stars-group-cuts-jobs-ahead-of-upcoming-merger-with-flutter\/","title":{"rendered":"Stars Group Cuts Jobs Ahead of Upcoming Merger with Flutter"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Renowned Canadian online gambling operator The Stars Group has recently l<a href=\"https:\/\/www.irishtimes.com\/business\/retail-and-services\/canadian-gambling-group-cuts-jobs-in-dublin-ahead-of-planned-12bn-merger-1.4189725\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"et go of a number of its employees (opens in a new tab)\">et go of a number of its employees<\/a> at its office in Dublin. The move comes amid the company&#8217;s preparation for its <strong>long-awaited merger with the Irish-based Flutter Entertainment <\/strong>which was arguably its biggest rival in the gaming space.<\/p>\n\n\n\n<p>The job cuts in question were not too abrupt though. As it turns\nout, the company has been slowly cutting down on the jobs for a little over a\nyear now. According to sources close to the company, it has reduced its employee\ncount from about 330 over a year ago to about 260. It will, however not stop there.\nAs it stands, a section of the company&#8217;s employees that are concerned with customer\nservice have already been put on protective notice after being told that their\nemployment is likely to be terminated at the end of the year.<\/p>\n\n\n\n<p>Even though some of the workers have been completely laid\noff, The Stars Group has been kind enough to tell some of the employees that their\njobs are being phased off. That said, the company has since offered them\nalternative positions which will, hopefully, survive the test of time even once\nthe merger is complete.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"reducing-costs\">Reducing Costs<\/h2>\n\n\n\n<p>There are, of course, questions that have come up with\nregards to the layoffs. The company has maintained that Dublin is still one of\nthe most lucrative markets for their business. However, there seems to be a\nproblem in the poker space \u2013 analysts have pointed out that the poker industry\nhas slowed down significantly.<\/p>\n\n\n\n<p>Moreover, the Stars Groups already had billions of dollars in debt even by the time the merger with Flutter Entertainment was announced. As such, the layoffs, according to the Flutter Entertainment executives, are meant to reduce the cost of operations that is a result of the <a href=\"https:\/\/calvinayre.com\/2010\/08\/21\/business\/pokerstars-discovers-new-revenue-model\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"poor performance of the poker vertical (opens in a new tab)\">poor performance of the poker vertical<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"the-merger\">The Merger<\/h2>\n\n\n\n<p>Flutter Entertainment and The Stars Group are already the biggest gaming brands in the global online gambling space. That said, their merger is set to create the largest online gambling group on the planet. This new group will have <a href=\"https:\/\/www.casinosrealmoney.com\/news\/evolution-inks-live-casino-deal-with-flutter-entertainment\/\">access to a number of global markets<\/a> and will go a long way in improving their popularity and revenue.<\/p>\n\n\n\n<p>Now, due to the size of both companies and their potential to outcompete other companies once they merge, the merger is still under review by competition watchdogs in the markets they intend to operate in. Fortunately, it has <strong>already made tremendous strides <\/strong>in places like Australia, thus making the close of the merger deal that is scheduled for the second quarter of 2020 quite realistic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Renowned Canadian online gambling operator The Stars Group has recently let go of a number of its employees at its office in Dublin. The move comes amid the company&#8217;s preparation for its long-awaited merger with the Irish-based Flutter Entertainment which was arguably its biggest rival in the gaming space. The job cuts in question were [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[19,473,373,205,79,374],"class_list":["post-5130","post","type-post","status-publish","format-standard","hentry","category-business","tag-casino","tag-dublin","tag-flutter-entertainment","tag-layoffs","tag-merger","tag-the-stars-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stars Group Cuts Jobs Ahead of Upcoming Merger with Flutter - Casinos Real Money News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casinosrealmoney.com\/news\/stars-group-cuts-jobs-ahead-of-upcoming-merger-with-flutter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stars Group Cuts Jobs Ahead of Upcoming Merger with Flutter - Casinos Real Money News\" \/>\n<meta property=\"og:description\" content=\"Renowned Canadian online gambling operator The Stars Group has recently let go of a number of its employees at its office in Dublin. The move comes amid the company&#8217;s preparation for its long-awaited merger with the Irish-based Flutter Entertainment which was arguably its biggest rival in the gaming space. The job cuts in question were [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casinosrealmoney.com\/news\/stars-group-cuts-jobs-ahead-of-upcoming-merger-with-flutter\/\" \/>\n<meta property=\"og:site_name\" content=\"Casinos Real Money News\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-03T07:52:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casinosrealmoney.com\/news\/wp-content\/uploads\/sites\/2\/2020\/03\/lay-off-notice-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"940\" \/>\n\t<meta property=\"og:image:height\" content=\"463\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tomas Medon\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tomas Medon\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.casinosrealmoney.com\/news\/stars-group-cuts-jobs-ahead-of-upcoming-merger-with-flutter\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.casinosrealmoney.com\/news\/stars-group-cuts-jobs-ahead-of-upcoming-merger-with-flutter\/\"},\"author\":{\"name\":\"Tomas Medon\",\"@id\":\"https:\/\/www.casinosrealmoney.com\/news\/#\/schema\/person\/f2a9520bd5399e4f159cfaf241505ec3\"},\"headline\":\"Stars Group Cuts Jobs Ahead of Upcoming Merger with Flutter\",\"datePublished\":\"2020-03-03T07:52:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.casinosrealmoney.com\/news\/stars-group-cuts-jobs-ahead-of-upcoming-merger-with-flutter\/\"},\"wordCount\":445,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.casinosrealmoney.com\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.casinosrealmoney.com\/news\/stars-group-cuts-jobs-ahead-of-upcoming-merger-with-flutter\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casinosrealmoney.com\/news\/wp-content\/uploads\/sites\/2\/2020\/03\/lay-off-notice-1.jpg\",\"keywords\":[\"Casino\",\"Dublin\",\"Flutter Entertainment\",\"layoffs\",\"Merger\",\"The Stars Group\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.casinosrealmoney.com\/news\/stars-group-cuts-jobs-ahead-of-upcoming-merger-with-flutter\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casinosrealmoney.com\/news\/stars-group-cuts-jobs-ahead-of-upcoming-merger-with-flutter\/\",\"url\":\"https:\/\/www.casinosrealmoney.com\/news\/stars-group-cuts-jobs-ahead-of-upcoming-merger-with-flutter\/\",\"name\":\"Stars Group Cuts Jobs Ahead of Upcoming Merger with Flutter - 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