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International Business Times UK
International Business Times UK
Annalyn Zoglmann

William Hill to Close 200 Betting Shops as UK Gambling Industry Faces Harsh Market Correction

William Hill United Kingdom
High street betting has been on decline. (Credit: Reuters)

KEY POINTS

  • William Hill will close 200 UK betting shops amid mounting debt and regulatory pressure.
  • The £2 cap on fixed-odds betting terminals wiped out key revenue streams.
  • Industry insiders warn that 2,000 to 3,000 more closures could follow.

The UK's once-booming high street gambling industry is shrinking fast. William Hill's parent company, Evoke, has confirmed plans to close around 200 betting shops across the country as part of a cost-cutting effort to stabilise its debt-laden business. It is the latest sign of strain for traditional bookmakers.

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