"I think we've done the right thing," he said. William Hill has announced it will close 700 high-street betting shops, putting 4,500 jobs at risk. The gambling company said the closures were due to UK regulation, which reduced the maximum stake on fixed-odds betting terminals to £2. In a statement, William Hill said: “Following recent changes in legislation and regulatory requirements, we have decided that our retail outlets are no longer able to operate as stand-alone businesses. The regulation was put in place to support vulnerable people, but Kelleher pointed out 50,000 people are employed in retail gambling, so high street closures will have an economic impact.
William Hill has announced it will close 700 high-street betting shops, putting 4,500 jobs at risk. The gambling company said the closures were due to UK regulation, which reduced the maximum stake on fixed-odds betting terminals to £2. In a statement, William Hill said: “Following recent changes in legislation and regulatory requirements, we have decided that our retail outlets are no longer able to operate as stand-alone businesses. The regulation was put in place to support vulnerable people, but Kelleher pointed out 50,000 people are employed in retail gambling, so high street closures will have an economic impact.