Betfred founder Fred Done has led criticism of the government’s Covid-19 restrictions that have forced the closure of more than 1,100 betting shops across the north of England, a move that has been branded unfair and confusing and will be a huge blow for the betting and racing industries.
"Particularly in view of the support that the Company has already shown to the entire workforce during the period 21st March to 13th June 2020 when we could not trade any of our shops.
Petfre (Gibraltar) Limited trading as Betfred & Oddsking, registered in Gibraltar. Petfre (Gibraltar) Limited is licensed and regulated in Great Britain by the Gambling Commission under account number 39544 and licensed by the Gibraltar Government and regulated by the Gibraltar Gambling Commissioner (RGL no. 036 & 038) for all other customers.
Betfred are the third biggest high street operator behind GVC and William Hill with around 1,630 shops. "Obviously we are in the same boat as Ladbrokes Coral and Hills where they are predicting 1,000 shops closing and 900 shops closing," Done said. "We've got a figure between 400 and 500 shops closing over the next couple of years.
Earlier this year Betfred owner Fred Done revealed the company might have to close between 400 and 500 of its more than 1,600 betting shops as a result of the cut in stakes. Reacting to the news from William Hill, Betfred's chief operating officer Mark Stebbings said: "Unfortunately a significant number of shop closures throughout the industry ...
Betfred's annual report for the year to September 27, 2020, lodged with Companies House this week, reported profit after tax of £165 million, up from £156.7m the previous year. That was despite the amounts wagered with the company falling to just short of £6.5 billion from £10.1bn the previous year due to the impact of Covid-19 on sport and the closure of betting shops during the period.
A betting shop on Anglesey is set to close. The Betfred store on Salem Street in Amlwch has been marked for closure by the brand. North Wales Live was told the bookmaker was not "viable".
Jul 15, 2019. #5. t least 1,600 betting shops face closure after William Hill said it would slash its store estate by a third, with the jobs of close to 10,000 people at risk. The bookmaker said on Thursday it would shut about 700 betting shops across the UK, putting 4,500 jobs at risk in a "devastating" blow to workers.
Coronavirus drives shop closures to new record. A record number of shops closed on UK high streets during the first half of this year as the coronavirus lockdown hit many stores hard, data shows ...