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Bet365 to Support Thousands of Employees in a Multi-Million Pound Pledge

by Glenn Baird - March 23, 2020

Betting firm Bet365 has revealed that they will be pledging millions to ensure that their 4,389 staff will keep their jobs for at least the next 5 months.

This means that anyone working for the Coats family owned business have been guaranteed a job until, at least, the end of August.

The same pledge has been passed on to all of Stoke City FC’s employees, the football club that is chaired by Peter Coates.

A spokesperson for bet365 said: “In times of uncertainty is was essential that we reassured our people of the commitment we have to them and the wider community.

“They have been instrumental in our success and will continue to be so throughout these troubling times and beyond, when normality will inevitably be restored.”

The closure of betting shops across the UK and the shutdown of almost all global sporting events means that the sportsbook, considered to be one of the biggest in the business will see a serious dent in their yearly profits.

In a recent interview with the Daily Star Coates said: “It will have a huge impact on the entire sector because there are very few markets. We’re in for very difficult times.”

However, if any sportsbook is in a position to support their staff through these difficult times then it is Bet365, who recorded record revenues of £2.98 billion – up from £2.71 billion the previous year.

The United Kingdom of Great Britain and Northern Ireland sits to the north-west of mainland Europe. The United Kingdom shares a border with The Republic of Ireland and has coasts on the Atlantic Ocean, Celtic Sea, North Sea, Irish Sea and English Channel. The population of the UK is approaching the 67.6 million mark leading to a fairly densely populated land mass. The gambling sector in the United Kingdom is entirely regulated and licensed by the UKGC – the United Kingdom Gambling Commission. Should players resident In the UK wish to gamble with foreign based operators there is no history of this being treated as a criminal offence, but high levels of protection exist for UK residents playing with UK licensed operators.

Disclaimer:

The above information is what we believe to be the the legal status of online gambling, however information on this topic is limited and hard to find. We accept no liability for any errors or ommissions. It is the reader’s responsibility to ensure that they know the legality of online gambling in their country before engaging with any online gambling service.