Back to today’s briefing

Story perspectives

Betfred's Future at Risk: Tax Hikes Threaten 7,500 Jobs

10/22/2025

24 4

Summary

Story summary

Fred Done, Betfred co-founder, warns that proposed tax increases could force all 1,287 Betfred shops to close, risking 7,500 jobs.
Done says the hikes are the gambling industry's biggest threat.
Paddy Power and William Hill have announced shop closures due to financial pressures.
The changes could raise gambling duties and push customers to unlicensed offshore bookmakers.
Over 100 Labour MPs call for higher gambling taxes to address child poverty.

1 of 1

Story summary

Fred Done, Betfred co-founder, warns that proposed tax increases could force all 1,287 Betfred shops to close, risking 7,500 jobs.
Done says the hikes are the gambling industry's biggest threat.
Paddy Power and William Hill have announced shop closures due to financial pressures.
The changes could raise gambling duties and push customers to unlicensed offshore bookmakers.
Over 100 Labour MPs call for higher gambling taxes to address child poverty.