"Following a thorough review and further to increased cost pressures on the regulated sector including significant tax increases announced by the Government in last year's Autumn Budget, from May we are closing a number of shops that are no longer sustainable."
"These closures represent a significant contraction in Britain's high street betting sector, highlighting how government policy and economic pressures are reshaping a once-thriving industry."
William Hill will close 200 betting shops across Britain, affecting up to 1,500 employees. The closures, starting in May 2026, represent 15% of its retail locations. Rising cost pressures, particularly from tax changes in Labour's Autumn Budget, are cited as the main reason. The gambling sector faces challenges from increased taxes and declining foot traffic. Evoke, William Hill's parent company, aims to restructure for long-term profitability while supporting affected employees during this transition.
Read at London Business News | Londonlovesbusiness.com
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