The Gambling Commission has released its annual report for the 2025/26 trading year. And despite all of the various pressures facing bookmakers and betting sites, the good news is that Gross Gambling Yield (GGY) across both retail and online was up. However, the number of high street betting shops in the UK continued to fall […]
Business
Fred Done Predicts the Death of the High Street Betting Shop By 2030
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 […]
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 […]
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. […]
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 […]