Betfred posts $85 million pre-tax profit as UK tax hikes prompt shop closures and sponsorship cuts

Betfred reported a pre-tax profit of £64 million ($84.59 million) for the 2025-26 financial year, as the bookmaker faces higher gambling taxes in the UK that have prompted plans to close betting shops, reduce spending and withdraw from a major sports sponsorship agreement. The company has confirmed plans to close 132 betting shops across the UK, representing approximately 10% of its retail network,...