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PaddyPower Looking at Job Cuts

Tuesday, April 5, 2016 : PADDYPOWER-BETFAIR MULLS JOB CUTS
 
Company advises staff that it plans to make cuts to 7,200 workforce.
 
The job cuts which are inevitable when large companies merge and have to handle staff activity duplications are on the horizon at PaddyPoker-Betfair, according to staff advisories sent out this week, which inform employees on the 7,200 workforce that around 650 jobs will have to be sacrificed.
 
Reporting on the issue Monday, the Irish Times revealed that it is likely that about 300 of the total will be lost from Ireland's 2,875 staff complement, while 350 jobs will go in the UK.
 
The proposed redundancy package is generous at four weeks salary for every year of service in addition to the two weeks statutory entitlement, the newspaper opines.
 
PaddyPower-Betfair has a target cost saving figure of Euro 50 million a year in mind to keep shareholders happy, and will be carefully considering areas where business duplication exists due to the merger such as personnel, finance, legal, operations in trading and risk, and perhaps even technology.
 
In related news, PaddyPower-Betfair chief executive Breon Corcoran has followed up on the departure of former Paddy CEO Andy McCue and CMO Gav Thompson with a more streamlined top executive team.
 
Paddy's former online chief, Johnny Hartnett, will become managing director for international commercial affairs (excluding Italy) and will oversee the group's B2B, risk and trading, and VIP divisions, whilst former Betfair business managing director Aine Flanagan will be m.d. responsible for UK and Ireland operations, along with the gaming division.
 
The merged group's retail interests will be the domain of Dan Wilson, who will also look after Italian operations.



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New Quick Seat feature at Ignition Poker - New Quick Seat feature at Ignition Poker.In order to ensure our poker players’ user experience is even more seamless, we’ve introduced a new feature in our poker software called Quick Seat for both Ignition Poker.

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New Era of Gambling. Now with Bitcoins. - It is not a secret that more than half of the bitcoin transactions have been related, at least somehow, to the online gambling activities.

NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 - The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?

Caesar’s Triumph Slot Launches - Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.

NHL Odds: Pacific Division Foes Face Off in Edmonton - The Edmonton Oilers will attempt to defend their home ice advantage this Friday (10:30 PM ET on Sportsnet) against the San Jose Sharks. The Oilers (47-26-9) finished second in the Pacific, while the Sharks (46-29-7) finished third, but only four points behind their First Round foes.

Bingo Cataratas Offers Unique Spin on Classic bingo - Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.

NBA Odds: Hawks-Pacers in Regular-Season Finale - Depending on the results of Game No. 81, Wednesday’s regular-season finale (8 PM ET, ESPN) between the Atlanta Hawks and Indiana Pacers could decide whether Indiana reaches the postseason. It could also give the Pacers a higher seed than Atlanta in the Eastern Conference playoffs.

Microgaming April 2017 new games - Cool Buck and Mega Money Multiplier go live on Wednesday 5 April 2017. Both are available to Microgaming and Quickfire operators on desktop and mobile and come with in-game achievements and free games.

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