Bet365 Cuts 340 Jobs Amid Tax Fallout | Business and Finance News

Bet365 is slashing 340 jobs across Europe — nearly 3% of its workforce — as soaring gambling taxes and rising costs force brutal cuts. This isn’t an outlier: since the new tax regime hit, over 4,500 jobs have vanished from the sector, with giants like Betfred, William Hill, and Ladbrokes shuttering stores and laying off hundreds. The government says high street closures aren’t their fault, but industry leaders blame the tax burden for forcing companies to choose between online and retail operations — and they’re warning that further hikes will devastate British businesses and workers. With calls to revisit the 2005 Gambling Act and protect legitimate operators, the Betting and Gaming Council labels Bet365 a national success story now under siege — urging evidence-based policy to stop illegal gambling from thriving while legal firms collapse. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c7100b4229fb7838