The technology company Yolo Group, which operates in the gambling market, is exiting its activities in unregulated markets and laying off 280 employees in Estonia.
The group announced it has decided to continue operating only in fully regulated and licensed markets in order to remain competitive in the rapidly changing gambling industry.
“To maintain a very clear focus and complete transparency across all processes, we are consolidating our activities under the single Yolo brand and will focus solely on regulated markets going forward,” Yolo Group board member Maarja Pärt said.
After the layoffs of 280 employees, more than 600 people will remain working at the group’s companies in Estonia.
Read more: ERR.EE
