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Online betting firm GVC Holdings has announced that they're closing a Ladbrokes Coral office in Tel Aviv, Israel in an attempt to shake up the company's marketing operations.
The closure will take place by the end of this year and will see 140 workers possibly displaced, with some being redundant while others will be moved. The office generally oversees marketing for Ladbrokes Coral, and GVC is moving the offices to Gibraltar, and some of the technology positions that were in the office will be transferred to India.
The move isn't the only one that has seen a gambling company abandoning Tel Aviv, as William Hill announced the closure of their office in the city last year. With that being said, there are still a number of online groups with a presence in the Mediterranean coastal city, including GAN, who recently said that they were looking to expand their presence in the city.
No comment from GVC was available as of press time.