Key facts
- Entain, owner of Ladbrokes, will cut 400 jobs worldwide.
- The company attributes the job cuts to increased UK gambling taxes.
- Entain warned of potential further losses if UK machine game duty doubles.
Entain, the owner of the Ladbrokes and Coral betting brands, is set to eliminate 400 jobs globally. The company attributes this decision to increased gambling machine duty taxes in the United Kingdom. Entain has cautioned that further financial losses may occur if these taxes are doubled in the upcoming budget.