📉 Paddy Power Shuts 1 in 10 Shops

The British and Irish retail betting sectors are facing challenging times, with closures becoming more frequent. The shift towards online betting and the impact of COVID-19 have significantly affected these markets. 📊 This week, Paddy Power announced it will close 10% of its betting shops in the UK and Ireland. Other industry giants like Entain and Evoke might follow suit if taxes rise next month. With declining retail gaming yields and consumer participation 📉, the future of physical betting shops remains uncertain.