Betfred founder Fred Done has proclaimed that the high street betting shop will be ‘dead’ in the UK by 2030 if the government continues with its anti-gambling tax crusade. The 83-year-old, who founded Betfred six decades ago, has warned that he will have to close nearly 500 shops if the Chancellor, John Healey, hikes Machine […]
House of Lords Calls for ‘Comprehensive’ Ban on All Forms of Gambling Advertising
The House of Lords has called for a near complete ban on all forms of gambling advertising in the UK. They believe that a tobacco-style prohibition on ads will help to reduce gambling harm, claiming that successive governments have been ‘too passive’ in dealing with the increase in marketing activity on social media and streaming […]
Entain Confirms 400 Job Cuts – Bringing the Total to 2,500 Jobs Lost Since the Gambling Tax Hike
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. […]