WILLIAM Hill plans to close around 700 betting shops, putting 5,000 jobs at risk.
It is the the first major round of closures since the cut in the maximum stake on FOBTs to £2 came into force on April 1.
Since then, it has seen a “significant fall” in gaming machine revenues, the bookmaker said today.
William Hill has started a consultation process with staff members over the plans and depending on the outcome of this, the shop closures are likely to begin before the end of the year.
More to follow…
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