Sports Information Services has announced that it is to suspend all non-essential operations and furlough “a significant number” of its permanent staff, effective immediately in response to the Covid-19 pandemic.
SIS provides content and production services to the betting industry but, with almost all live racing worldwide currently suspended due to the coronavirus outbreak, it has taken the decision to enter “a period of hibernation”, a company statement said.
During the interim period, SIS will continue to supply what online content is available to operators while it is live, but all services to retail betting operators will be suspended. High-street bookmakers in many countries are currently closed indefinitely, as lockdown conditions are in place across the world.
SIS chief executive Richard Ames said: “I am pleased to be able to confirm that our intention is to come back just as strongly as before and to be back up and running to serve the needs of our customers as soon as live racing content returns to action.
“We are taking this action to protect the business and to preserve the jobs of our hard-working team. I thank each of them for their fantastic commitment to continuing to service our content partners and customers throughout the last challenging weeks and look forward to welcoming them back into the business as soon as possible.”