Flutter to Cut Up to 1,400 Jobs, Blaming UK Tax Rises
Flutter Entertainment, owner of Paddy Power and SkyBet, will cut up to 1,400 jobs, blaming a "material increase in betting and gaming duties" under Rachel Reeves.
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Flutter Entertainment, owner of Paddy Power and SkyBet, will cut up to 1,400 jobs, blaming a "material increase in betting and gaming duties" under Rachel Reeves.
Flutter closed at $89.56 on September 18, down 69% from its high, after four guidance cuts in 2026. Rothschild downgraded the sto…