Betfred Follows Entain in Making Huge Job Cuts as UK Tax Increases Hit

UK gambling company Betfred has confirmed that it will cut 600 jobs and close 132 shops across the country. The operator says the cutbacks are due to increased gambling taxes and other rising costs. The job cuts follow Entain, the parent company of Coral, Ladbrokes, and 50% of BetMGM, which also cut 500 jobs earlier t…