Lindau Gaming has laid off its entire workforce following Brazil’s restrictions on online betting.
The company’s CFO, Luciano Casalli, confirmed the decision in a public statement.
Casalli said the company had completed severance payments to all employees during the past week, meaning they would no longer be part of the business.
Describing the announcement as one of the most difficult moments of his professional career, the CFO expressed regret over the decision and thanked former employees for their contributions to the company.
He argued that workers should not be held responsible for government decisions and criticised the introduction of the Provisional Measure (MP) which banned the betting sector.
“Provisional Measure 1.394 represents more than just numbers, tax rates, revenue or fiscal discussions. Behind every decision are companies, families, dreams and thousands of professionals who depend on this industry for their livelihood,” Casalli said.
He also claimed that the measure had affected more than thousands of iGaming workers. Casalli described the redundancies as a consequence of decisions that, in his view, had not adequately considered their economic and social impact.
Lindau Gaming’s layoffs add to a wider wave of job cuts following the introduction of Brazil’s betting restrictions. The company joins 36 of the 188 previously authorized betting brands reported to have carried out layoffs in the weeks following the ban, including Stellar Gaming.
Casalli concluded his statement by thanking Lindau’s former employees and expressing hope that they would find new opportunities.
“And, above all, we hope that this is not a definitive goodbye, but just a see you soon,” he concluded.
A study by consultancy LCA, commissioned by betting companies, estimated that Brazil’s betting sector previously employed around 10,000 people directly and 5,000 indirectly
