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Paddy Power to close 57 UK and Ireland shops, cutting nearly 250 jobs due to shifting betting trends and rising costs.
Paddy Power, owned by Flutter Entertainment, plans to close 57 betting shops across the UK and Ireland, affecting nearly 250 jobs, with closures expected within the next month.
The move, driven by rising costs, challenging market conditions, and shifting consumer habits toward online betting, is part of a broader strategic review.
While the company emphasized that physical stores remain important and offered redeployment where possible, job losses are expected.
Flutter warned that potential tax increases in the UK’s upcoming autumn Budget could worsen the situation, possibly leading to further closures.
The announcement reflects ongoing industry decline, with the number of betting shops in the UK and Ireland down by a third over the past eight years.
Paddy Power cerrará 57 tiendas en el Reino Unido e Irlanda, recortando casi 250 empleos debido al cambio de tendencias de apuestas y al aumento de los costos.