By The Weekly Edge desk ·
iGaming Business reported that Betfred is consulting on potential closures affecting as many as 132 UK betting shops. The operator said the consultation seeks to mitigate higher gambling taxes.
The consultation could reduce Betfred’s UK retail betting estate.
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The request concerns tax rates affecting betting shops and other businesses with category B machines.
Betfred’s £995.6m annual turnover gives investors financial context following its warning about retail betting’s future.
Retail supplied £544m of Betfred’s £995.6m turnover despite a declining shop estate, highlighting its contribution for investors.
The 4% reduction in betting shops reduces Betfred's retail footprint as it incorporates UK tax increases into forecasts.
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