By The Weekly Edge desk ·
iGaming Today reported that Betfred plans to close 132 UK betting shops from September. The closures would remove over 600 jobs and leave the operator with around 1,100 shops.
The planned closures would reduce Betfred’s retail estate and workforce.
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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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