Ladbrokes and Coral close 200 betting shops following FOBT stake reduction

GVC Holdings acquired the Ladbrokes estate in March 2018

Around 200 Ladbrokes and Coral betting shops are understood to have shut their doors for good last weekend in the latest wave of closures to hit the retail sector.

Although parent company GVC Holdings would not confirm the figure, it is believed around 200 shops have been shut.

The closures are in reaction to the government's decision to cut the maximum stake on fixed odds betting terminals (FOBTs) to £2 from £100, a move that was implemented last April.

Read the full story

Read award-winning journalism from the best writers in racing, with exclusive news, interviews, columns, investigations, stable tours and subscriber-only emails.

Subscribe to unlock

Racing Post digital newspaper (worth over £100 per month)
Award-winning journalism from the best writers in racing
Expert tips from the likes of Tom Segal and Paul Kealy
Replays and results analysis from all UK and Irish racecourses
Form study tools including the Pro Card and Horse Tracker
Extensive archive of statistics covering horses, trainers, jockeys, owners, pedigree and sales data

Already a subscriber?Log in

Bill BarberIndustry editor

Published on 24 February 2020inNews

Last updated 10:46, 25 February 2020

Copy