William Hill May Close Up to 200 Betting Shops Amid Rising Gambling Taxes in the UK

British bookmaker William Hill is reportedly considering the closure of up to 200 betting shops across the country in response to the government’s planned tax increases for the gambling industry, The Guardian reports.

According to the publication, the decision could be made if the UK government approves a rise in gambling duties. If implemented, the move could put around 1,500 jobs at risk.

The potential closures would affect 9% to 15% of William Hill’s retail network, which currently operates around 1,300 betting shops.

Each shop typically employs between five and ten people. The company is owned by the Evoke Group, which also includes the brands 888 and Mr Green, and together employs approximately 10,000 people. Analysts believe the closures are most likely to target unprofitable locations.

The possible downsizing follows government discussions about increasing gambling duties. At present, land-based bookmakers pay around 15%, while online operators are taxed at 21%. Officials are reportedly considering raising these rates to 25% and 50%, respectively.

The anticipated tax hikes have sparked concern across the industry. Entain CEO Stella David previously warned that such measures could lead to the closure of hundreds of betting shops and a reduction in investment in the UK gambling sector.

According to Racing Post, industry representatives also fear that higher taxes could strengthen the position of offshore operators.