Paddy Power closes 57 shops in the UK: nearly 250 employees at risk.

Closure of PADDY Power betting shops

PADDY Power has announced the closure of 57 of its betting shops in the UK and Ireland, which could put nearly 250 jobs at risk. The parent company Flutter, which also owns Betfair and Sky Bet, explained this decision as 'rising costs and challenging market conditions'.

According to The Sun: On Wednesday, the company informed employees that 29 shops will be closed in the UK, including one in...

“rising costs and challenging market conditions”

PADDY Power notes that these steps are part of a strategy to optimize the business in a difficult economic situation. The shop closures may affect customers who are accustomed to servicing at these venues, however, the company promises to maintain online services and support its players in a digital format.