A staff redundancy program at Party Gaming

The next few months are likely to be an anxious time for Party Gaming\'s estimated 320 staffers based in Gibraltar, according to reports on the Calida Gaming blog and the Gibraltar Chronicle, which reported this week that the online gambling group is to begin a staff redundancy program soon.

Some reports suggest that as much as a third of the personnel employed by the company will be let go in the next few months as part of a global strategy necessitated by tough competition from rivals that take US business in particular. Party Gaming reversed out of the US market on the passage of the UIGEA in October 2006, and despite some success in rebuilding its business by diversifying into the Asian and European markets, still feels the pressure of competitors who risked remaining active in the US market.

Party\'s communications director John Shepherd confirmed that there was a redundancy plan and told staff last Wednesday that the company would conduct a sixty-day preliminary consultation to see what posts would be at risk. Shepherd commented that the company had been forced into this position by changes in the gaming market, and he complained of unfair competition from US-active companies.

Company spokesmen this week emphasised that despite the need for the cuts, Party Gaming remains committed to Gibraltar and may introduce new posts at some future stage.

Last week Party Gaming subsidiary Party Poker reported a drop in the number of people playing its poker games over the last two months, prompting downgrades to earnings forecasts. Chief Executive Jim Ryan said the poker business was being adversely impacted by competition from websites which accept players from the United States (see previous InfoPowa reports).

\"This represents a continuing competitive threat to listed businesses like Party Gaming that immediately stopped customers in the US from playing or making deposits on any of the group\'s real money sites following the enactment of the Unlawful Internet Gambling Enforcement Act,\" Ryan said.

Party Gaming is not the first Gibraltar company to announce staff cuts; earlier this year Victor Chandler International (VCI) announced it would be cutting a total of 30 jobs during 2008. The gaming firm set up shop in Gibraltar in 1999 but has expanded beyond sports betting to offer poker and casino services to its clients worldwide.

All News Categories

Most Viewed Articles

See all

Related News

Live activity feed

  • Winaday
    "Apologies everyone for taking so much of your precious time, as I never had a slightest intention of turning this into any kind of flamewar, while only trying my best to help Casinista932 to get the money he won. But first things first --- Casinista932 wrote:1)  four pages you say? I sent the two sides to my document, the internal and external views ...       I always use this way to send my identity card because I can send all in a single image file Casinista932 wrote:3) the second document was sent in a short time ... what means different occasions? days, weeks or months? only a few minutes or hours. Yes, as you shared it yourself here, we all know how your id aka CARTA D'IDENTITA looks like. Paper-based foldable id book, which has front and back side, each consisting of two pages: front cover, a page with personal info, a page with your pic, and back cover. Four in total. On Sep 27, 2016, at 12:12 GMT you sent us a single image file containing both back and front side, i.e. all four sides of your id in what we call lowres i.e. in dimensions of 708x1034px. Subseqently, some four hours later at 16:30 GMT, upon an additional request you did send us a highres copy of your id, the one you posted above that finally had a sufficient resolution. So just to safely conclude that by the lowres version I meant the *first* copy of your docs. Not the second one you as you might have mistakenly gathered. Casinista932 wrote:2)  when I requested the payment of the no deposit bonus I had not requested any an additional bonus. You're a lier. Okay, first we have a list of your transactions dating back to April-June 2014: 2014/04/09 20:10:46 RABDOMANTE AUTOMATIC BONUS $35.002014/05/11 13:23:54 RABDOMANTE AUTOMATIC BONUS $10.002014/06/13 16:31:47 RABDOMANTE AUTOMATIC BONUS $8.00 Then there is an excerpt from the chat that you had with one of our top notch customer support reps, Sage, on June 17, 2014: RABDOMANTE: I have a question ... I have never made ​​a deposit but I won some money by using the free chips. I wanted to know how much of the winnings, if it is, is withdrawableWINADAY: The latest bonus has it's terms and conditions, those are that you would have to deposit just before receiving this bonus and after your latest oneRABDOMANTE: my winnings will be void?WINADAY: YesRABDOMANTE: grazieWINADAY: You're welcome. So just to safely conclude, you had indeed made your withdrawal not before claiming three no deposit bonus in a row first, resulting in your cashout request not being withdrawable. Still I don't presume you will call off the name you called me even if it's you who didn't get your facts straight... Casinista932 wrote:4) I recently I sent the same document, the first one that you refused, to Videoslots.com ... Good for you! Each casino uses their own set of security checks, so ours might simply be more comprehensive than what other casinos use."
    READ
  • Index
    "  The answer is: 9 circles. There are 4 inner circles + 4 outer circle + 1 center circle."
    READ
  • Logo 8
    "Hi there! Like last week, I congratulate you all on the win! It's a pity that not even 10 LCB'ers participated in the contest, but at the same time, this makes you all lucky! :D Please PM me your registered casino email, so I can credit your Freespins! I hope to see many more of you next week! ----- Thanks for your kind words! All the mentioned points will be considered as well! @finallyfinally, I've checked your account. You are subscribed to all of our promo emails and newsletters, so it must be working fine. Besides, if you are interested in the ongoing promos, feel free to check it by Live Chat or PM me :). ----- Take care! LimoPlay Casino Team"
    READ
  • Index
    "I agree, it's high time for all of us to get the details regarding your case. This is really frustrating for you, and for us as well.  They could have done all checks weeks ago and this issue could have been resolved by now. we are sorry you have to go through all this.  Anyway, we'll keep you posted. "
    READ
  • No avatar small
    "Intercasino 20 freespins for Zoom"
    READ
  • Index
    "I have one question. You don't accept players from the US but you take their deposits,right? How can that be?"
    READ
Swipe left or right to see more

lcb activities in the last 24 hours

  • 27
    new members
  • 477
    members online
  • 12583
    guests online
  • 126
    new posts
  • 5730
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search
Search Results
39012170