Multiple gambling companies announced layoffs this week. Penn Entertainment cut over 75 employees from its interactive division. Gambling.com Group reduced its workforce by 25%, impacting around 150 people. LSports, an Israeli data provider, also laid off 39 employees. AI adoption, slowing growth, and new competition drive these cuts. The online gambling industry faces a broader recalibration.
https://frontofficesports.com/gambling-layoffs-pile-up-as-sports-betting-industry-recalibrates/