High street giant to shut up to 100 shops with 400 jobs at risk
Up to 100 shops across the UK and Ireland could close (Image: Getty Images)
TL;DR
- Up to 100 Paddy Power betting shops may close before the end of the year.
- Approximately 400 jobs are at risk due to these potential closures.
- Flutter Entertainment, the owner, attributes the decision to rising energy and rates costs, and the government's remote gaming duty increase.
- The closures represent about one-fifth of Paddy Power's retail estate in Ireland and the UK.
- Flutter posted a significant loss in Q2 trading results.
- Other betting companies like Betfred and William Hill have also announced store closures.