Flutter Entertainment considers cutting 1,400 UK and Ireland jobs

Flutter Entertainment is weighing redundancies that would affect up to 1,400 employees across its UK and Ireland business, CEO Kevin Harrington confirmed on Tuesday, citing the United Kingdom's remote gaming duty increase as the primary driver.

The potential cuts represent roughly 16% of the segment's 9,000-strong workforce. Affected roles span Flutter hubs in the UK, Ireland, Portugal, Romania, and Malta. Harrington said the company "cannot fully absorb a rise of this magnitude" without reducing costs, while maintaining that Flutter remains well positioned to gain market share as the largest scale operator in the UK.

Flutter is not alone. Paddy Power, Betfred, and Entain have each announced job cuts or shop closures since the remote gaming duty doubled. A further proposed increase to machine games duty, backed by dozens of MPs, is under active government consideration.

Flutter previously revised its financial guidance amid the pressure. Harrington said the company would provide support to workers affected by any final decision, which has not yet been announced.

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Heath Quinn

Junior Markets Analyst

Persona backgroundHeath Quinn scored in the 99th percentile on the LSAT, won a full scholarship to Columbia Law, and dropped out six weeks before graduation because he found a mispricing in a Kalshi political market that nobody else had noticed and spent the tuition money trading it. He was right.