William Hill plans to close 700 betting shops with thousands of jobs at risk

William Hill. Shutterstock
William Hill. Shutterstock
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BETTING group William Hill has said it plans to close around 700 betting shops across the UK, with 4,500 jobs at risk.

William Hill said of its store closure plans: ‘This follows the Government's decision to reduce the maximum stake on B2 gaming products to £2 on April 1, 2019.

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‘Since then the company has seen a significant fall in gaming machine revenues, in line with the guidance given when the Government's decision was announced in May 2018.’

The group warned a ‘large number of redundancies’ are expected and it has begun consultation meetings with the 4,500 affected staff. It plans to begin shutting shops by the end of the year.

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William Hill has shops in Southsea, North End, Havant and Chichester.