Flutter Entertainment is reducing its workforce by up to 1,400 employees due to regulatory changes. Meanwhile, the NBA is tightening safeguards against corrupt wagers, and LCKY Group expands in the Nordics.
Flutter Entertainment, owner of Paddy Power, is planning to lay off up to 1,400 employees in the UK and Ireland due to increased gaming taxes. The company cites the rise in Remote Gaming duty to 40% and general betting duty to 25% as the primary reasons for the job cuts.
Entain's Q3 2026 financial report shows a 2% increase in Total Net Gaming Revenue, driven by a diverse portfolio. CEO Stella David highlights the company's resilience and online growth, despite challenges in Brazil and potential UK tax hikes.
The Betting and Gaming Council reports significant closures and job losses in Britain's gambling industry, warning of further economic impacts.