Betfred to Shut 132 Shops and Cut 600 Jobs, Reportedly Eyes Pivot Into Slot Arcades

The closures mark the latest sign of mounting pressure on Britain’s retail bookmakers, even as Betfred explores a new growth strategy. Betfred plans to close 132 betting shops across the U.K., putting around 600 jobs at risk. The announcement provides the latest and largest sign that mounting tax burdens continue to s…