More gambling companies underwent layoffs this week, with cuts at Penn Entertainment and Gambling.com Group, underscoring a troubling trend as the industry adopts artificial intelligence while facing financial pressure and increasing competition from prediction markets.
Penn Entertainment cut loose more than 75 employees this week across its Penn Interactive business unit, multiple sources familiar with the matter tell Front Office Sports. That division houses theScore Bet—previously known as ESPN Bet before Penn and ESPN ended their planned 10-year partnership after a little over two years—as well as Penn’s online casino and social gaming businesses.
As of December, Penn had more than 23,400 total employees globally, according to a U.S. Securities and Exchange Commission filing.
