bet365 to cut around 340 jobs, including roles in Gibraltar

bet365 is cutting around 340 jobs, about 3% of its global workforce. According to iGaming Capital, roughly 300 roles will go at its Stoke-on-Trent headquarters. The remaining 40 or so are spread across its offices in Gibraltar and Malta. The company has not said how many are in each.

The privately owned operator told staff it would run a voluntary redundancy programme first, before looking at compulsory cuts. It said it would try to reduce the final number of job losses. bet365 pointed to “a highly competitive trading environment” and higher regulatory and tax-related costs.

CDC Gaming, republishing a GB News report, linked the move to UK tax rises. Remote Gaming Duty went from 21% to 40% of gross gaming revenue in April 2026. Remote betting duty is due to rise from 15% to 25% in April 2027, with UK horse racing bets excluded.

Why it matters

The UK tax changes apply to British customers, but the cuts reach beyond the UK. iGaming Capital noted that including Gibraltar and Malta suggests a wider review of bet365’s international cost base. The number of Gibraltar roles may be small, but bet365 is one of the territory’s best-known gambling employers.

The cuts follow a pattern. Operators facing higher UK duty are looking at fixed costs, including offshore teams. For Gibraltar, the risk is less about one firm and more about the combined effect of many small reductions on employment, office demand and local spending. Suppliers and affiliates that rely on bet365 should watch for changes to marketing budgets and team structures.

What happens next

The voluntary programme comes first. Any compulsory redundancies would follow consultation. Gibraltar’s government has been lobbying UK parties against further gambling tax rises, and the remote betting duty increase still lies ahead in April 2027.