Flutter Cuts 1400 Jobs After UK Tax Hike
Betting giant Flutter Entertainment plans to eliminate up to 1400 jobs across its UK and Ireland operations. The company cited a sharp increase in British gaming taxes as the reason for restructuring its business to reduce fixed costs.
Xurve View
Insights:
Xurve View
FLUTTER ENTERTAINMENT PLC-DI will cut up to 1,400 jobs across the United Kingdom and Ireland after a tax hike. The restructuring represents nearly 16% of the betting operator's workforce in those regions. Rising gaming levies are reshaping the regulated betting industry, forcing operators to trim fixed costs.
