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Bodog Lays Off Hundreds of Employees: Claims Not to be Leaving US

Aug 22 2008 - 3:27pm

BodogLife.com, under intense scrutiny by the US Government, has laid off hundreds of its employees this week, leading to speculation that the online gambling firm will be leaving the US market.

"They have no plans to do so," was the line provided to us by someone within the company.

Bodog has also been slow paying customers and vendors. Gambling911.com was in the process of deciding whether the gambling site would lose its "endorsement" status.

One industry analyst said they might as well just shut down if they are leaving the US market.

"They can't even advertise in Europe. They have no license to do so. And they do not accept Canadians. Nearly all their business is in the US."

One online gambling operator believes Bodog is just trimming back because of processing issues.

Likewise, the Kahnawake Gaming Commission has been denied entry into the European market via advertising.

Comments

Propoghanda

I wonder how the propoghanda heads at Bodog are going to spin the "bust" of the company now. The amount of nauseating spin that has come out of that place really culminated when they tried to present the idea that losing their domain bodog.com was a "good thing" because their shiteous new domain had more lift in the search engines. I am sure there will be more back- peddling and lies to try to deceive the public all is well.

For what it's worth, only

For what it's worth, only their North America affiliate offices, for example, their licensed brands through Fiver Media (Vancouver/Toronto) and Morris Mohawk Gaming Group (Montreal/Kahnawake) were hit with layoffs. As mentioned above, all the non-gaming channels were turfed (Fiver Media) as well as some non-essential personnel in the Montreal/Kahnawake office. Not a single employee has been laid off in the Antigua and Costa Rica offices, which are the main wagering centres.

yo

Bodog laid off pretty much everyone in product development.. i know this for a fact.

BTW- The NON GAMING channels

BTW- The NON GAMING channels were *supposed* to make money. Everyone who worked there (the grunts) just shook their heads out how much money was being on blown on what were being cited as "loss leader" marketing efforts that would eventually break even . They were even meant to turn a profit eventually in the delusional minds of the coked up executives. What a spectacular rise and fall.

BoDog Almost Cares if they lose 911's "endorsement status"

Gambling 911 is a NOTHING compared to the marketing machine BoDogLife.com. They wouldn't think twice if they never dealt with them again

Brad from SportsbookAdvisor.com is CLUELESS

Your analysis of the state of affairs at Bodog now or in the future is far from accurate. They are shedding all their NON GAMING BUSINESS which are NOT making them money. It is doubtful they were ever really suppose to be profit generators, instead they were created to fuel the company's bread and butter product, THEIR GAMING CHANNEL. Bodog has always been know to post their lines late and have low limits, this is NOTHING NEW. Perhaps this has been their biggest knock from the forum world. Basically, they have always been a square book and always will be a square book. I have spoken to plenty of other sportsbook operators that told me if they were able to cater to a square player base and put their lines up late to see where the money was going they would do it. Unfortunately, most books out there do not have the same player base that Bodog enjoys. Pretty much every large operator is having issues paying out players in a timely fashion. This is a industry problem that is not isolated to just Bodog. If anyone wants to bitch about slow payouts, start complaining to your representatives in CONGRESS instead of bitching on forums and blogs about being slow paid! With the current processing issues in place, its very prudent of Bodog to reduce expenses to make the existing business more profitable. They probably only let go about 10% of their workforce, hardly a dent in the grand scheme of things.

Hello

to quote you: "Your analysis of the state of affairs at Bodog now or in the future is far from accurate. They are shedding all their NON GAMING BUSINESS which are NOT making them money. It is doubtful they were ever really suppose to be profit generators, instead they were created to fuel the company's bread and butter product, T" You sir have no idea what you're talking about. Non gaming channels were shut down a while back.. The news regarding the new cuts in workforce has nothing to do with this -- the cuts of last week were in gaming product development

Previous comment

Sure that this is a industry problem that is not isolated to just Bodog and the client base is huge (well a year ago). But management have a lot of the blame because they new that their payment processors where about to collapse. They also laid off people that was bringing a lot of money to the company, but thought they could do with them. Another mistake was to keep a manager that wasn't working but was friend's of the President Mr. Gillespie. In this business you can't keep someone that is not doing a good job, and change him from office to office. The biggest problem with Bodog is that the managers don't respect positions and they all want to make the final call, so you have 4 guys that have different point of views and the guy who's responsible cannot make the call because he has a senior manager on his back even though is not his dept. or call.

obviously a bodog employee

hahahahaha this is patetic, this is obviously a bodog employee defending his beloved company, i don't think you are gonna love bodog so much when you find yourself without a job !!!!!!

Hilarious

Ha ha. Obviously a Bodog employee or "die hard". Let's see how viable your claims are in a year when Bodog is unable to pay anybody anymore. Why did Calvin sell? Why have payouts been super slow? Why are they firing employees? Why has every sportsbook watchdog downgraded them? Why do other sportsbooks enjoy success while they are suffering? answers: calvin knows to get out when the timing is right. The company is reverting back to a shell of it's once self. Ego and directly challenging the bigger ego of US law mixed with a myriad of tremendously bad decisons has resulted in failure. You said: "They are shedding all their NON GAMING BUSINESS which are NOT making them money. It is doubtful they were ever really suppose to be profit generators, instead they were created to fuel the company's bread and butter product, THEIR GAMING CHANNEL." I say" If it's not about making money, then why do it?" Look dude, give up on Bodog. They have awakened a sleeping giant. Not familiar to you. Google "US entering WWII". Good luck, check out Bookmaker if you need a book that knows how to operate.

I predicted it - check out this article I wrote a year ago

Bodog State of Affairs (written October 2007) Ok first off, We still approve of BoDog and still recommend them for a casual bettor. But there have been some things come to light the last several months that we have observed and now are ready to write about them. BoDog has been one of the top online sportsbooks for sometime now. Fast payouts, good customer service, and just a terrific business model. We have used them off and on the last five years. There are several major factors that make us believe that BoDog may be seriously cutting back their betting services within the next six months to a year. This is mostly speculation based on facts. Most backyard bookies do not stay career bookies. Most start in college or as a young man in their 20's or 30's. The lifestyle is very temultuous as people are constantly taking shots at your bankroll. Not only this, but it illegal and can result in jail time. So, a majority of bookies make some money and stick their neck out until they can be springboarded into another lucrative, legal field. We feel some offshore sportsbooks, as the legal grip has tightened, may be taking the same approach. BoDog seems to be the most obvious at this time. The owner, famous Billionaire and ego-maniac, Calvin Ayre has been building an entertainment product line outside of gambling. He has BoDog Fighting, Music, as well as TV and surely will soon be making movies. In the meantime, it seems as BoDog has been lowering limits, circling way more games, and tightening the grip on betting options. One thing in particular that has been burdensome to us is the fact you can only buy a 1/2 point if the spread has a hook already in place. Example, you can buy the half point if the spread is 7 1/2, but not 7 even (In football this is a major thing as games land on 7 quite a bit). You cannot bring that spread down to a much more comfortable 6 1/2. Regular games that no other book has circled are circled every week. These guys are acting more like your fly by night college bookie scared to lose his $5,000 bankroll that he smuggled from his student loan :) Payouts seem to be slowing down for them as well. The usual five to seven business days has been two to three weeks for some folks. Calvin Ayre wants world respectability as an entrepreneur and business man. To his credit, he does spend time and money on charity like such things as stopping Bear Bile farming. But, many in the business world don't respect people that got their fame and fortune from gambling proceeds. I think this is bothersome to him. So many factors contribute to my final verdict. I believe that BoDog will do one of several things. They will reduce gambling operations to a very minimum, they may sell the gambling operation to another company, or they may just get rid of this aspect of their business model altogether. If Calvin Ayre truly is a billionaire like Forbes and others say, he will be fine for the rest of his life financially. I don't see these other endeavors really taking off and making any real money. I also don't see their failure as being large enough of a hit to put Mr. Ayre on the streets either. Brad www.SportsbookAdvisor.com

Bad management

Bodog blew all their money on : A crappy music division that stunk as much as DMX's breath after a night on meth Bodog.tv Like WHAT THE F*CK? Self promoting BS ike a bloated MySpace program. I heard they blew 1 million on that They benefited during the initial high growth phase of gambling when anyone with a server and a client could make a bit of coin. Now, with things tightening up their bad management has become very transparent. What a waste of millions (billions) of dollars blown on what I am sure was a handful of executives blowing bullshit up Calvin Ayre's ass about where his marketing dollars should go . He's not a shrewd business man- he's a complete moron. Unfortunately, its all the Bodog staff that need to suffer because of bad management. I guess I can kiss my $1000 check from Bodog/NewBodog/BodogLife/WhatNext I am waiting for goodbye.

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