#betting

UK betting companies are expressing strong concern over a recent increase in the Machine Games Duty tax. This tax hike, from 20% to 25%, is expected to have severe consequences for the industry. Operators warn of significant job losses and the closure of many brick-and-mortar establishments. Industry leaders believe this decision will push customers towards the illegal betting market. The Betting and Gaming Council estimates nearly 9,000 jobs could be lost and around 1,000 properties could close.

United Kingdom

https://igamingbrazil.com/en/online-en-2/2026/10/29/betting-sector-criticizes-tax-hikes-and-forecasts-mass-layoffs-in-the-uk/

Bet365 has confirmed the elimination of 340 positions across its global operations. This reduction represents approximately 3% of the company's total workforce. Increased regulatory and tax-related expenses are cited as primary drivers for these layoffs. The company is exploring options to mitigate the impact on affected employees. Bet365 is committed to supporting its staff through this transition.

https://next.io/news/people/bet365-confirms-340-layoffs/

The online gambling industry is experiencing widespread layoffs. Penn Entertainment recently cut over 70 jobs in its interactive division. Gambling.com Group also laid off approximately a quarter of its employees. These reductions reflect a shift towards efficiency and AI adoption. Industry growth is slowing, forcing companies to streamline operations.

https://www.gamblingnews.com/news/betting-firms-cut-jobs-as-industry-growth-stalls/

Any bets?