Betfred Scales Back Retail Estate as Tax Pressures Mount
Betfred has announced plans to close 132 betting shops across the United Kingdom, a move that is expected to result in approximately 600 job losses as the bookmaker responds to rising operating costs and increased taxation on the gambling sector. The company confirmed that it has begun a consultation process with employees affected by the proposed closures. The sites earmarked for closure account for just over 10% of Betfred’s retail network, making it one of the largest reductions to the […] The post Betfred Scales Back Retail Estate as Tax Pressures Mount appeared first on World Casino News.
Betfred has announced plans to close 132 betting shops across the United Kingdom, a move that is expected to result in approximately 600 job losses as the bookmaker responds to rising operating costs and increased taxation on the gambling sector. The company confirmed that it has begun a consultation process with employees affected by the proposed closures. The sites earmarked for closure account for just over 10% of Betfred’s retail network, making it one of the largest reductions to the […]
The post Betfred Scales Back Retail Estate as Tax Pressures Mount appeared first on World Casino News.
