Full Breakdown
bet365 to Cut 340 Jobs Amid Rising Tax and Regulatory Costs
9/9/2026, 11:02:09 AM
Job Cuts Overview
Bet365 announced that approximately 340 roles – about 3 percent of its global workforce – will be eliminated. The redundancies will primarily affect its headquarters in Stoke-on-Trent, with the remaining positions in its Malta and Gibraltar offices. The company said the restructuring is intended to “secure the business’s long-term future.”
Tax and Regulatory Context
The cuts come as the UK government’s recent budget increased the remote gaming duty from 21 percent to 40 percent, effective April 2026, and introduced a new remote betting duty rising from 15 percent to 25 percent on non-racing sports bets, slated for April 2027. Industry analysts note that a proposed hike in machine-games duty could further pressure operators. Bet365 cited these higher tax rates, alongside a “highly competitive trading environment,” as the primary drivers of the job reductions.
Company’s Official Response
A bet365 spokesperson explained that the firm continuously reviews its operations to ensure sustainability. The statement emphasized the competitive market and the added regulatory and tax burdens as reasons for the restructuring. The company said it is exploring all options to limit redundancies, beginning with a voluntary-redundancy programme, and pledged to support affected staff throughout the process.
Political and Industry Criticism
She called on ministers to halt further tax increases and adopt an evidence-led approach that protects jobs and the regulated market.
Verbatim Quotes
- “Our colleagues are our priority. We understand the concerns many will have. Impacted staff have been informed and are being fully supported throughout this process.” — spokesperson
- “As an international business, we continually review and assess our operations to ensure the business's long-term future. We're currently facing a highly competitive trading environment, plus increased regulatory and tax-related costs.” — bet365 spokesperson
