A major betting company is planning to axe hundreds of jobs following Labour’s recent tax raids on the gambling industry.
Bet365 is understood to be cutting 340 jobs, with 300 roles being axed from its Stoke-on-Trent headquarters and the remainder being slashed between its Gibraltar and Malta offices.
This move comes after fellow betting giant Betfred and William Hill owner Evoke closed hundreds stores after levies were hiked on the sector.
Last year, the Labour Government raised taxes on remoting gaming from 21 per cent to 40 per cent, and the tax charge on online sports betting from 15 per cent to 25 per cent.
