Betting Shops' Bane: How a Tax Hike Could Spell Doom for UK Retail The news that Ladbrokes owner Entain is set to cut 400 jobs, just weeks after reporting better than expected profits, has left many in the industry perplexed.
On the surface, it appears as though the company is trying to right size itself in response to changing market conditions.
However, a closer examination reveals that this job cutting exercise is closely tied to a looming tax hike on machine games duty.