Bet365 has confirmed 340 redundancies across its offices in Stoke-on-Trent, Malta and Gibraltar. The cuts represent roughly 3% of the operator's workforce and come in response to rising tax and regulatory costs amid intensifying competition.
British operators have been slashing headcount since April's remote gaming duty hike from 21% to 40%. Flutter Entertainment last week warned of potential closures affecting 100 Paddy Power shops and 400 staff. Betfred cut 600 jobs, William Hill shuttered 200 betting shops in May. All cite the online tax increase.
Bet365 operates purely online but faces a double impact: iGaming costs have already climbed, and in April 2027 the remote betting duty rises from 15% to 25% except for horse racing. The Stoke headquarters, which employs around 5,500, will see 300 of the 340 job losses. The rest fall in European hubs.
The company is running a voluntary redundancy programme and has pledged support for affected staff. A spokesperson told NEXT.io that the business is reviewing operations to secure long-term sustainability while working to minimise the number of compulsory redundancies.
