GVC HOLDINGS, OPERATOR OF LADBROKES AND CORAL, NOW ANNOUNCES THE POSSIBLE CLOSURE OF 900 BETTING SHOPS IN UK

Following the recent announcement by William Hill of the closure of hundreds of shops, Calvin Ayre on 5th July reported that GVC Holdings had said that it expected up to 900 shops to be at risk of closure, affecting up to 5,000 roles, over the next 2 years as a result of the reduction in maximum stakes on FOBT to £2 that came into force on 1st April.

https://calvinayre.com/2019/07/05/business/gvc-announces-they-may-need-to-close-900-shops/

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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