Next.io has learned the brand’s commercial and marketing functions are set to be hit hardest, with many of the roles located in Flutter Entertainment’s Leeds office.
The eight-story building, located at 4 Wellington Place, is currently home to the PokerStars and Betfair International divisions.
At least 10 roles in Malta are also understood to be at risk of redundancy. PokerStars holds a Summer Festival on the island every year at the InterContinental Hotel.
Flutter confirmed the news in a statement provided to Next.io, but said it also expects to redeploy many of those potentially impacted by the restructure.A spokesperson for Flutter International said: “The organisational changes we are proposing are part of our strategy to improve alignment between planning and delivery, reduce duplication and empower our teams to better deliver for our customers at a local level across our key markets.
“While we have sought to minimise the impact this will have on our colleagues, with the opportunity of redeployment for many of those affected, the proposals will unfortunately lead to a number of job losses.
“We are communicating with those affected as part of a consultation process and will be providing them with the support they need throughout,” the spokesperson added.
Flutter’s International segment is comprised of PokerStars and Betfair International, as well as Adjarabet in Georgia, Junglee Games in India and Sisal in Italy.
The International division earns most of its revenue from poker, casino, rummy, lottery and sports betting.
In H1 2023, Flutter grew International revenue by 74% and adjusted EBITDA by 103%.