Global betting and gaming company Bet365 is set to cut around 340 jobs across its operations in the UK, Malta and Gibraltar, with around 40 positions expected to be affected across its Malta and Gibraltar offices.

The majority of the job cuts, approximately 300, will take place at the company’s headquarters in Stoke-on-Trent, where Bet365 employs around 5,500 people.

The planned reductions represent approximately 3 per cent of the company’s global workforce.

Affected employees have been informed, with Bet365 launching a voluntary redundancy programme before considering compulsory redundancies.

The company said to the BBC that it is facing a “highly competitive trading environment”, alongside increased regulatory, tax and wider business costs.

Bet365 said the restructuring is aimed at securing the company’s long-term future, while efforts are being made to minimise the number of compulsory redundancies and support affected employees.

The announcement comes amid significant increases in gambling taxation in the UK.

The UK’s Remote Gaming Duty increased from 21 per cent to 40 per cent of gross gaming revenue in April 2026. A further increase is scheduled for April 2027, when Remote Betting Duty is set to rise from 15 per cent to 25 per cent, excluding bets on UK horse racing.

The higher UK taxes have increased pressure on gambling operators, with a number of companies announcing cost-cutting measures and job reductions.

The approximately 40 positions affected across Malta and Gibraltar form part of the wider restructuring of Bet365’s international operations.