Betfred bookmaker threatens to close all 1300 shops in Britain due to tax plans.

Threat of closing betting shops

The well-known bookmaker Betfred has issued a serious warning regarding the possible closure of all its shops in the event of increased gambling tax rates. The company stated that if the tax on sports betting rises from 15% to 30%, it could lead to the closure of 1,300 betting points and threaten nearly 7,000 jobs.

“If taxes increase, we will have to close our stores,” company representatives noted.

This warning has raised concerns among industry workers and customers who use the services of betting shops. Thus, the prospect of changes in tax legislation could significantly impact not only the industry itself but also a wide range of people who rely on such places for entertainment. In a situation where thousands of jobs are at stake, it is important to monitor further government decisions that could profoundly change the face of gambling in the country.