further layoffs, but a 40 % drop in Q1 profit prompted a major U-turn.
Catena isn’ t alone: in March last year, Gibraltar’ s Gambling Commissioner Andrew Lyman admitted there had been a spate of redundancies on the peninsula, including at well-established brands like William Hill, Entain and Lottoland.
At the time, Lyman sought to reassure people that employees in gaming were usually quickly reabsorbed into the market. However, recruitment experts say the situation is more complicated than that.
“ iGaming hubs like Malta and Gibraltar are always going to be very important to the sector, but their importance recently has been somewhat diluted,” says Innes.
“ There have been a few companies recently that have announced redundancies because they’ re replacing certain positions with AI”
Jennifer Innes, BettingJobs
“ You’ ve got the emergence of other locations like Bulgaria, Prague or Poland, or even the re-emergence of places like Cyprus. Then you’ ve got people from Ukraine and Russia moving elsewhere since the start of the war. All these external factors are influencing the choice to hire or not to hire in Malta and Gibraltar.”
This fragmentation can make life more complicated for employees in these offshore hubs who find themselves facing redundancy. Whereas many jobs in the gaming market had previously been concentrated in their jurisdiction, a reshaping of the market is forcing people to look even further afield.
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