Betfair’s recent acquisition of Blue Sq.’s sporting activities betting web sites was a actual increase for the business’s efforts to enter the fixed odds betting industry. But for Blue Sq. staff and affiliate the offer is nothing at all but negative.
According to e-mails and published reports, Betfair did not contain Blue Sq.’s affiliate program as element of the sale. Although the company has explained it will pay out off affiliates any fantastic profits, any gamers the affiliates brought in will be misplaced forever. (Blue Square provided lifetime profits and was not endorsed by CAP.)
Although the information is negative for affiliates, it’s a lot even worse for Blue Square staff. As many as 45 of them have currently obtained layoff notification. It’s considered that yet another twenty employees are in line for the same treatment method.
Though Betfair is expanding its acquisitions portfolio with the Blue Sq. acquire, the business has been streamlining functions above the previous calendar year. As part of that hard work, the organization pulled out of marketplaces in Greece and Cyprus.
Blue Square, a British isles dealing with sports betting web site, is considered to have had around a hundred and twenty,000 consumers.
The betting exchange marketplace is absolutely in changeover after InTrade shut down final thirty day period, so it’s not stunning to see them getting traditional sports textbooks.
Will Blue Square’s closing effect your organization? Share your feelings in the feedback part beneath.
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