This story was published more than 5 years ago.
Internet poker giant The Stars Group revealed that they're laying off some staff at their Isle of Man office after international poker operations slowed in recent months.
The company is cutting some of their staff from the hub on the Isle, which is thought to have about 400 employees on the payroll. A specific number on the number of layoffs isn't known as of press time, but TSG confirmed the move is being made in order "to deliver our mid-term growth targets and long-term sustainable growth."
The Stars Group remains the biggest name in online poker, as they oversee the PokerStars and Full Tilt Poker brands. The company is present in most major online markets that are regulated, and have recently jumped into the American market after previously pulling out years ago.
When we learn more about the layoffs we'll let readers know the details.
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Comments
If the biggest brand in the industry laying off some of their employees what about the rest then...the drop in poker revenues should of really been hug ... or at least that how it looks from aside.
I personally believe that poker as an industry isn't doing well and therefore they can't reach the revenue they are expecting. I think that some big changes in the brand needs to be made in order for it to make profit and gain people's interest.
sharpe
Wow, the Pokerstars are probably cutting their cost, not because they are losing money, but because for the investment in US market, as I guess.
I can't play slots and other casino game in Pokerstars, not really interested in their business.