Ladbrokes owner prepares to cut 400 jobs weeks after profit boost
Entain, the owner of Ladbrokes, Coral, and BetMGM, plans to cut 400 customer care jobs globally, despite reporting better-than-expected profits in the first half of the year. The company attributes the decision partly to higher UK taxes and a challenging operating environment, with a potential increase in machine games duty looming.
Why it matters
This move highlights the impact of regulatory changes and economic pressures on large gambling corporations, potentially affecting employment and the broader UK gambling sector, especially adult gaming centers in economically deprived areas.
The Ladbrokes owner, Entain, is headquartered in London and employs more than 28,000 people worldwide. The Ladbrokes owner, Entain, is headquartered in London and employs more than 28,000 people worldwide. Gambling Ladbrokes owner prepares to cut 400 jobs weeks after profit boost Entain, which also owns Coral and BetMGM, starts consultation process over customer care roles
Prefer the Guardian on Google The Ladbrokes owner, Entain, has said it is preparing to cut 400 jobs, only weeks after the FTSE 100 business reported better than expected profit in its first half of the year.
The gambling group, which also owns Coral and BetMGM, has started a consultation process that could remove one in five of its 2,000 customer care jobs.
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