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Ladbrokes to Close S9 Betting Shops in Ireland with more than 200 Jobs At Risk
Ladbrokes are to close 39 betting shops in Ireland, putting more than 200 jobs at risk, with the business blaming expense pressures and the growth of prohibited wagering.
The closures represent 37 per cent of Ladbrokes' retail estate of more than 100 shops in Ireland and follows the news last fall that Paddy Power were set to close 28 wagering offices in Ireland and another in Northern Ireland.
Bar One Racing had remained in talks with Ladbrokes in 2015 about a potential acquisition of the shops, but those discussions failed.
Ladbrokes cited pressure from increasing labour, energy and property expenses, as well as long-term shifts towards online wagering, for the choice. There are also increasing concerns about prohibited betting, consisting of in clubs.
In all, 226 tasks are at risk due to the decision, subject to assessment. The business will continue to employ more than 350 people in Ireland after the closures.
A Ladbrokes representative said: "We continually evaluate our retail estate to guarantee our organization stays competitive and economically sustainable. These planned closures in the Republic of Ireland are not a choice we take lightly and show continual cost pressures, long-term modifications in client behaviour and the growing competitive danger from the unlicensed market.
"Our top priority now is to engage constructively with colleagues throughout the consultation process, with a strong focus on redeployment wherever possible. Ladbrokes stays dedicated to Ireland and to running properly within a sustainable retail footprint."
Ladbrokes' moms and dad business Entain said its retail organization in the UK and Ireland had "carried out well" last year when publishing its yearly outcomes for 2025 at the start of March, although it confessed "continued obstacles" stayed in Ireland.