International edition
September 30, 2020

To cut staff numbers in head office

Sportingbet confident to meet financial year targets

(UK).- Online gaming group Sportingbet said its current trading is 'good'. It also remains confident of meeting expectations for the full-year and beyond. The company said it sees third-quarter operating profit, before exceptional items, fair value adjustment and amortization, of not less than us$ 13.6 million compared with us$ 5.8 million a year earlier.

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n a update to the market, Sportingbet said it is to cut jobs in head office, including chief operating officer, under the final stage of its strategic downsizing program. As part of the last phase of the exercise, the company warned that “a number of redundancies” may occur in head office, and it will consult with potentially affected staff over the coming weeks.

As part of connected senior management review, the COO role will become redundant. Current COO Dave Hobday has resigned from the board with immediate effect and will “shortly” leave Sportingbet. “Once this exercise and consultation is complete, we envisage having an appropriately structured organization to take the business forward,” said CEO Andrew McIver.

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