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Detalhes da Empresa
Paddy Power to Shut 57 Shops in uK and Ireland with almost 250 Jobs
Paddy Power is to shut 57 betting stores across the UK and Ireland, putting nearly 250 workers at risk.
Parent company Flutter, which likewise owns Betfair and Sky Bet, blamed the closures on “increasing cost pressures and tough market conditions”.
It informed staff on Wednesday that it will shut 29 UK shops, consisting of one in Northern Ireland, and 28 in the Republic of Ireland.
While today’s closures are not straight associated to the unpredictability surrounding the Budget, a higher betting tax might have a substantial effect on tasks and financial investment across the market and drive more clients into open arms of on the illegal, black market
Flutter UK and Ireland spokesperson
It will shut the sites within the next month following an evaluation of its high street shop estate.
The business said 247 employees will be at danger of redundancy as a result, including 128 in the UK.
Staff affected by the plans will “be provided redeployment opportunities where possible, however, the closures will unfortunately lead to a variety of task losses”, the firm stated.
Paddy Power is to shut lots of betting stores across the UK and Ireland (John Walton/PA)
A Flutter UK and Ireland representative said: “We are continually examining our high street estate, however it stays a crucial part of our offer to customers, and we are seeking to innovate and invest where we can as we adjust to various customer trends and requirements.”
It comes amidst a background of issue in the sector over speculation that the Labour Government will increase betting taxes in next month’s fall Budget.
The company stated the choice was not directly due to tax pressures but urged the Government to guide far from extra measures on the sector.
The spokesperson added: “While today’s closures are not directly associated to the uncertainty surrounding the Budget, a greater gambling tax could have a considerable impact on jobs and financial investment throughout the market and drive more customers into open arms of unlicensed operators on the illegal, black market.”
William Hill owner Evoke stated earlier this week that it is thinking about “further shop closures” if it is impacted by more tax boosts in the UK.
