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Gambling and Sports Betting News March 23, 2020: Bet365 Sets Up Multi-Million Package for Employees

Written by:
Aaron Goldstein
Published on:
Mar/23/2020

Here are today's headlines in the world of gambling and sports betting as they happen - Monday March 23, 2020.


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Bet365 Sets Up Multi-Million Package for Employees

With the coronavirus pandemic halting most sporting events, Bet365 has put together a multi-million package for its employees.

All of its 4,389 staff will receive guaranteed earnings to mitigate the effects of COVID-19.

The same measures will also apply to Stoke City Football Club, which is owned by Bet365 founder Peter Coates.

A spokesperson for bet365 said: "In times of uncertainty is was essential that we reassured our people of the commitment we have to them and the wider community. They have been instrumental in our success and will continue to be so throughout these troubling times and beyond, when normality will inevitably be restored."

Mr. Coates recently told the Daily Star: "It will have a huge impact on the entire sector because there are very few markets. We're in for very difficult times. Relying on sport as we do – that's become virtually non-existent. There are a lot of unknown factors and we just don't know how the trading patterns will change."

The firm has also promised there will be no job losses and no employees will be laid off until the end of August.

On Monday, Bet365 listed very few events in which to bet on.  The top promotion was for Friday's Australian A-League games.

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- Aaron Goldstein, Gambling911.com

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