BIZBBC NewsTUE 20 OCT 2026 / 7:26 AM CDT

Paddy Power cuts 1,400 jobs and blames betting tax rises

Paddy Power-owner Flutter has announced plans to cut up to 1,400 jobs as its boss claimed the company "cannot fully absorb" tax rises imposed on the gambling industry.

Staff based in the UK and Ireland, as well as British and Irish workers at Flutter's sites in Portugal and Romania will be affected, but what roles are at risk has not been disclosed.

The government announced increased taxes on online casino and sports betting, with an exemption for horse racing, in the Budget last November.

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Paddy Power cuts 1,400 jobs and blames betting tax rises

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General Motors beats Wall Street's Q3 earnings expectations, narrows full-year guidance

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