Betfred to close 132 betting shops and cut 600 jobs
The Herald
Betfred will close 132 betting shops and cut 600 jobs due to rising costs and economic pressures.Summary
Betfred announced it will close 132 betting shops across the UK starting in September, cutting about 600 jobs. CEO Jo Whittaker said the decision was made "with deep regret" after trying to protect sites, citing higher employer national insurance contributions, wage inflation, increased gambling taxes and wider economic uncertainty. The closures will leave Betfred with roughly 1,100 shops. Rival firms such as Paddy Power, Evoke, William Hill and 888 have also announced recent shop closures due to similar cost pressures.
(Source：The Herald)