Betstars Sportsbook

New Customer Offer

94/100

Great variety of special bets

Fast & free of charge payouts

Great odds at major leagues

18+. The minimum stake to qualify is £20. This offer only applies to bets placed on selections with accumulated odds of 2.0 (evens) or greater. Neteller/Skrill (Moneybookers) excluded. T&C's apply. Please gamble responsibly. Begambleaware.org

TAB axing jobs as it consulted on removing 30 per cent of staff

25th May, 02:55

The sports betting agency the TAB is informing staff of job losses today, after a proposal to cut hundreds of roles due to the Covid-19 downturn.

TAB had consulted on removing 220 jobs over the last two weeks, 30 per cent of its workforce.

A spokesperson wouldn't confirm the final number or details of the redundancies, but said staff were being told the fate of their jobs today before the company made a public statement Tuesday.

The betting company's parent entity, the Racing Industry Transition Agency (formerly the Racing Board) said revenue was down almost 50 per cent in April, with most live sports and racing cancelled over the last few months.

* Avondale racecourse's fight for survival: 'Making the industry smaller will not make it greater'

* Winston Peters announces $72.5 million emergency package as extent of racing's financial crisis emerges

* Coronavirus: TAB consults on plan to cut 30 per cent of jobs

"Despite far reaching efforts to reduce costs across the TAB, including salary reductions, staff taking leave and reducing all non-essential expenses, it simply was not enough to offset the blow Covid-19 has had, and will have, on our industry," executive chair Dean McKenzie said.

"The implication of the pandemic extends beyond the immediate impact to the TAB, with racing and sport looking very unpredictable over the next year.

"The reality is the TAB will need to be a leaner, more efficient business with fewer roles, and focused on driving our core wagering and gaming business."

Source