Paddy Power to Shut Down Shops
Paddy Power is closing 57 betting shops in the UK and Ireland, putting almost 250 jobs at risk.
Parent firm Flutter, which also owns Betfair and Sky Bet, cited "increasing cost pressures and challenging market conditions" as the reason for the closures.
- 29 shops will be closed in the UK, including one in Northern Ireland
- 28 shops will be closed in the Republic of Ireland
- 247 workers are at risk of redundancy, including 128 in the UK
Staff affected by the plans will "be offered redeployment opportunities where possible, however, the closures will unfortunately lead to a number of job losses"
The closures will take place within the next month following a review of its high street store estate.
Author's summary: Paddy Power is shutting down 57 shops due to cost pressures.