bet365 confirms cutting almost 3% of its workforce with 340 job across Stoke-on-Trent, Malta and Gibraltar.
Much of it goes to Stoke-on-Trent, which has around 300 positions at a location. The remaining 40 positions are allocated in Malta and Gibraltar, where bet365 performs the majority of its compliance and trading work outside of the UK.
A bet365 spokesperson said:
We are committed to minimizing the impact on our people and are exploring all avenues to reduce the number of redundancies. Our colleagues are our priority. We understand the concerns many will have. Impacted staff have been informed and are being fully supported throughout this process.
Online casino operators have been subject to increased remote gaming taxes from April 1, 2026. The remote gaming tax rate increased from 21% to 40% as outlined in the November 2025 Autumn Budget. There will be another increase of taxes starting in April 2027: the tax rate for gambling will grow from 15% to 25%, except for horse racing in the UK.
The above-mentioned changes seem to be harder for bet365 compared to other competitors because it has no retail shops or land-based casinos, meaning no way to minimize costs. Therefore, each pound of tax will influence solely the performance of the digital section.
