🇮🇪 Flutter Entertainment-owned Paddy Power is undergoing a review of its retail estate that could see up to 100 betting shops closed across the UK and Ireland.
As a result, 400 jobs within the company are at risk of redundancy, though Flutter has told NEXT.io that “impacted colleagues will be offered redeployment opportunities where possible”. Any measures pursued as a result of the review are being attributed to a multitude of external pressures including rising energy costs, rents, business rates and increased gambling taxes.
A spokesperson for the company said: “We are incredibly proud of our high street estate, and it remains a key part of our business in communities across the UK and Ireland. Unfortunately, we have had to take the extremely difficult decision to conduct this review.”
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