Stan James senior management have made public that the operator plans to downsize its sports betting trading team.
Senior management confirmed that up to 10% of its current sports betting team faced redundancy as the company is set to undertake new savings measures, which it hopes will make it more competitive in the online sports betting industry.
Stan James further stated that a restructuring of the sports betting trading team was in need, as the company now had a greater emphasis on technology for betting and risk management.
“As part of this programme, we have restructured some parts of our trading function. The restructure has meant that 11 sportsbook traders have been put at risk of redundancy and a 60-day consultation process has started.