Betfred to close 132 shops and cut 600 jobs citing UK gambling tax hikes

The bookmaker has launched a consultation over the closures, which will affect more than a tenth of its UK betting shops

Betfred to close 132 betting shops in major business overhaul with 600 jobs at risk  GB News

The firm said it also plans to cut more than 600 jobs from September

The company said it has launched a consultation over the closures, which will hit more than a tenth of its betting shops.

MAJOR gambling firm Betfred has said it plans to shut 132 shops and cut 600 jobs from September following Labour's tax hikes. The high street bookmakers told employees this morning that it was cutting just over 10 per cent of its total betting shops. The move will leave Betfred with around 1,100 shops across the...

The company said it has launched a consultation over the closures, which will hit more than a tenth of its betting shops.

The company said it has launched a consultation over the closures, which will hit more than a tenth of its betting shops.

Betfred plans to cut more than 600 jobs and close 132 shops across the UK.

Betfred chief executive Jo Whittaker said high costs had made it 'impossible' to keep the shops open.

Betfred chief executive Jo Whittaker said high costs had made it 'impossible' to keep the shops open.

One of Britain’s biggest high street bookmakers is to axe hundreds of jobs as it prepares to close more than 130 shops amid a deepening tax raid on the industry.