Flutter Entertainment, the owner of Paddy Power, announced plans to cut up to 1,400 jobs. The company attributed the decision to a gambling tax increase implemented by the Labour party last year.
The job cuts at Flutter Entertainment highlight the potential impact of regulatory and tax changes on the gambling industry and its workforce.
Flutter Entertainment, the parent company of bookmaker Paddy Power, has announced its intention to eliminate up to 1,400 positions. The company stated that a tax increase on the gambling sector, introduced by the Labour party in the previous year, was the primary driver behind this decision.
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