Paddy Power cuts 1,400 jobs and blames betting tax rises

The government increased taxes on online casino and sports betting in last year's Budget.

Published on RocksNews: 20 Oct 2026, 12:32 UTC
Updated: 20 Oct 2026, 12:32 UTC
Language: English

Paddy Power cuts 1,400 jobs and blames betting tax rises — Paddy Power cuts 1,400 jobs and blames betting tax rises — Image credit: BBC News – Business

The government increased taxes on online casino and sports betting in last year's Budget.

Data center stocks slide as Korea IPO plunges 30%, pressuring tech sentiment

20 Oct 2026, 13:39 UTC

Novo's next-generation obesity drug shows 25% weight loss in women in late-stage analysis

20 Oct 2026, 13:39 UTC

Salesforce announces $5.66 billion deal for Braze, sending BRZE stock soaring 50%

20 Oct 2026, 13:39 UTC

Former OpenAI exec has quietly built $1.5 billion startup, betting AI can revive U.S. manufacturing

20 Oct 2026, 13:39 UTC

Germany news: Investment summit draws billions in commitments

20 Oct 2026, 12:52 UTC

AI rally fades away from Wall Street as a tiny IPO makes big waves

20 Oct 2026, 12:38 UTC

Paddy Power cuts 1,400 jobs and blames betting tax rises | RocksNews