The Malta Independent 18 July 2024, Thursday
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The Stars Group cuts jobs in Malta hub

Thursday, 26 September 2019, 10:07 Last update: about 6 years ago

PokerStars owner has announced the latest round of job losses following redundancies in its Isle of Man office last week.

The Stars Group is to make further redundancies in its international PokerStars business after announcing job losses in the company's Malta office, EGR revealed yesterday.

The operator confirmed job losses in its Isle of Man headquarters last week, citing headwinds in its international PokerStars business.

Similar cuts have now been made in the firm's Malta office.

At least 50 members of staff have so far been axed, with further losses expected to take place over the next year.

Rumours have also been swirling that the gaming company also plans to relocate some of its workforce from Malta. The Customer Service department is believed to be moving to Bulgaria, while some of its trading team has already moved on to its Dublin offices.

While failing to confirm the actual number of jobs that have been or are set to be cut, Stars Group told Lovin Malta: "Given rapid changes in the industry, we are constantly reviewing our cost base, and have decided to review some potential changes to certain locations to better align our costs with our global growth strategy. We believe our proposals will help to position us to deliver our mid-term growth targets and long-term sustainable growth."

However, it did insist that Malta will remain an important hub, a similar line to what was said during the Isle of Man cut.

The company first opened in Malta in 2012, eventually growing its workforce to over 300 employees.

The success of Stars Group, which is often reported as the world's largest online poker brand, was even heralded by Prime Minister Joseph Muscat, who inaugurated their St Julian's offices back in 2017. "It's a great honour to host a global brand such as The Stars Group, which has had stellar success. The Stars Group employs Maltese residents and expats, and the further growth of the company with the new office will complement economic growth here in Malta," Muscat said at the time. 
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