Four and a half thousand jobs are at risk as the betting chain William Hill has announced plans to close 700 betting shops across the UK this morning.
The Company has revealed that it has entered into a consultation process with retail colleagues over plans to close around 700 licensed betting offices.
This follows the Government’s decision to reduce the maximum stake on B2 gaming products to £2 on 1 April 2019.
Since then the company has seen a significant fall in gaming machine revenues, in line with the guidance given when the Government’s decision was announced in May 2018.
The Group will look to apply voluntary redundancy and redeployment measures extensively and will be providing support to all colleagues throughout the process.
Subject to the outcome of the consultation process, shop closures are likely to begin before the end of the year, the Company said.