bet365 has announced that it will cut around 340 jobs across its European operations, with the company pointing to higher tax and regulatory costs as part of the reason for the decision.
Around 300 roles are expected to be eliminated at the operator’s headquarters in Stoke-on-Trent, while the remaining positions will be affected at its offices in Malta and Gibraltar. The cuts represent around 3% of bet365’s workforce.
A bet365 spokesperson shared:
“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.”
The move comes after the UK increased Remote Gaming Duty from 21% to 40% in April 2026, with the higher rate applying to online casino gaming, adding further costs for operators serving UK customers.
bet365 said the restructuring will affect some of its European hubs, while staff who are impacted have been informed and will receive support during the process.
The cuts add to a difficult period for the UK betting sector. Other operators, including William Hill, Paddy Power, and Betfred, have also announced job losses and shop closures following recent tax increases, with the Betting and Gaming Council warning that higher duties are already affecting employment and investment in the industry.
