Entain is the latest of the UK gambling giants to confirm mass job losses. Around 400 members of staff could be made redundant as the Coral and Ladbrokes owner embarks on a cost-cutting exercise – with the firm’s CEO, Stella David, confirming that the ‘challenging operating environment’, a nod to the Gambling Tax hike rolled […]
BresBet and Bet St George Cease Trading Following Licence Suspension
Two British betting sites have ceased trading immediately after having their licenses suspended by the UK Gambling Commission. BresBet and Bet St George, which are both connected to racehorse owner Nic Brereton, have told their customers that they will no longer be taking bets after the regulator took their licence away. The Gambling Commission cited […]
Paddy Power Could Close 100 Betting Shops In New Industry Blow
A strategic review could see Paddy Power close up to 100 of their betting shops… taking the total number of closures past 500 in 2026 alone. Flutter Entertainment, Paddy Power’s parent company, is looking for ways to mitigate against the costs of the government’s Gambling Tax increase, which are starting to hit operators’ bottom line. […]
The Premier League Has £10 Million in Assets Frozen in Unlicensed Gambling Probe
The Premier League has had £10 million in cash and assets frozen as the National Crime Agency (NCA) investigates alleged unlicensed gambling. The EPL is not accused of any wrongdoing, but a criminal investigation has been launched into one of their partners, Sorare. The £10 million was a down payment made by Sorare as part […]
Entain Faces Demotion from FTSE 100 as Woes Deepen
Coral and Ladbrokes owner Entain faces the prospect of being relegated from the FTSE 100 as trading conditions continue to prove challenging. The operator has been a mainstay of the index since they were rebranded back in 2020. However, the spectre of tax increases and weakening performance is expected to see Entain demoted from the […]