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Employees on Edge

It is no secret in the online casino gambling industry that Party Gaming has run into a bit of a rough spot. The company’s internet poker site in particular is having problems keeping up with the competitors because of the unfair competition from sites still accepting US players. In reaction to declining profits and more intense competition from other online casinos, Party Gaming has announced a new effort that will see the company cutting a huge chunk of staff from the company’s Gibraltar location. Party Gaming’s Gibraltar operations unfortunately have some redundant positions and as the company streamlines and looks at the basic bottom line of staying afloat staff cuts are becoming necessary.

Party Gaming’s announcement of staff cuts in the coming months means that staffers at the Gibraltar location are already brimming with anxiety. The online casino gambling group has not specified any particular positions or really released any firm information on the layoffs except to note that the company will spend the next 60 days evaluating the job positions. At that time, positions that are redundant or unnecessary for the time being will be laid off. According to the initial estimates the number of staff losing their jobs could run as high as 320.

The information has not been officially stated from Party Gaming itself, two prominent newspapers have confirmed the information. The online casino gambling industry is a tough business and although it is true that other internet gambling companies have an unfair advantage because of their involvement in the US gambling market, Party Gaming can only look at their own operations and focus on continuing to build brand prominence in the European market.