Flutter plans restructure with 1,400 UK and Ireland job losses

Summarised from 2 outlets · Updated 20 Oct, 14:08 · Archive

Flutter, parent company of Sunderland gaming firm Tombola, is restructuring with up to 1,400 redundancies across its UK and Ireland operations.

Flutter, parent company of the Sunderland-based gaming firm Tombola, has announced plans to restructure its UK and Ireland business with up to 1,400 redundancies. This represents approximately 15 per cent of the division's 8,960-strong workforce across multiple locations.

Tombola, founded on Sunderland quayside in 2006, was acquired by Flutter in early 2022 for an enterprise value of £402m. The company operates as a leading online bingo operator with teams primarily based in Sunderland and Gibraltar. Flutter's UK and Ireland division also includes Paddy Power, Sky Bet and Betfair, operating from sites in Leeds, London, Dublin and European hubs including Malta, Porto and Cluj-Napoca.

ChronicleLive understands that fewer than 100 Tombola staff are affected by the restructuring, including both site-based and remote workers. The redundancies will also impact staff in Leeds and Dublin, as well as Flutter employees at its European locations. Flutter stated the restructuring forms part of cost mitigation measures in response to the significant increase in UK gaming taxation announced in last year's Autumn Budget. The plans are subject to consultation.

How it is being reported

• Job losses announced at Tombola's Sunderland site as part of restructureFlutter has announced plans to restructure its UK & Ireland business with 1,400 roles at riskChronicleLive · 20 Oct, 13:47
• Sunderland jobs at risk at gaming firm Tombola as parent company proposes cutsDozens of Sunderland jobs could be lost after an international betting and gaming operator announced changes are being made to its business model.Sunderland Echo · 20 Oct, 13:31

In this story: Flutter · Tombola · Sunderland · UK and Ireland · Paddy Power · Sky Bet · Betfair

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