Ladbrokes Ladbrokes Coral could lose 1,600 jobs after Foxy Bingo takeover Cuts expected as part of deal worth up to £3.9bn that would create UK’s biggest gambling company A Ladbrokes betting shop in Bradford city centre. Photograph: Christopher Thomond for the GuardianThe takeover of Ladbrokes Coral by GVC, the Isle of Man-based firm behind Foxy Bingo, could trigger up to 1,600 job losses, the companies said, as they published fresh details of a deal worth up to £3.9bn. Online casino company GVC and bookmaker Ladbrokes said up to 6% of their combined 26,800 workforce – around 1,608 staff – could lose their jobs. Most would be in the UK but the cuts are not expected to affect staff until next yearThe jobs likely to be affected are in areas including marketing, customer services and administrative functions. More takeovers among gaming firms could follow, with William Hill, online casino 888 and Mecca Bingo firm Rank all potential merger or acquisition candidates.

Source: The Guardian February 09, 2018 18:11 UTC