By SectorWire desk ·
The report said that Betfred is exploring entry into adult gaming centres. The reported plans accompany closures of more than 130 shops as the company reorganises after higher UK gambling taxes.
Betfred is considering slot arcades while reducing its betting-shop estate.
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The request concerns tax rates affecting betting shops and other businesses with category B machines.
Retail supplied £544m of Betfred’s £995.6m turnover despite a declining shop estate, highlighting its contribution for investors.
Betfred’s £995.6m annual turnover gives investors financial context following its warning about retail betting’s future.
The 4% reduction in betting shops reduces Betfred's retail footprint as it incorporates UK tax increases into forecasts.
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