Bet365 cuts jobs as tax hikes hit the industry

Major bookmakers reduce staff numbers while Bulgaria proposes strict new advertising bans.

Written by the BettingEdgeHub desk, 12 September 2026

Democratic Bulgaria filed a strict bill to ban gambling advertising across billboards, websites, apps, and direct messages. The National Revenue Agency would enforce these rules with heavy penalties for any provider failing to comply quickly.

Job cuts at major bookmakers

Bet365 confirmed plans to cut approximately 340 roles, largely driven by rising remote gaming taxes and operating licence fees in the United Kingdom. This makes them the fifth major operator to announce reductions following similar moves by competitors.

Financial growth for software providers

Playtech reported strong financial results for the first half of the year with adjusted earnings rising significantly. Their business to business division performed exceptionally well, supported by massive revenue growth in North America.

Global regulatory updates

The Financial Action Task Force published its first detailed risk report focusing on online and illegal gambling operations. Meanwhile, German investigators found that black market wagers are much higher than previously estimated by officials.

What it means for a bet

Heavier taxes on major bookmakers could eventually impact the pricing and promotions available to everyday punters.

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