Entain has confirmed it will eliminate approximately 500 roles across its global workforce as part of a restructuring effort to streamline operations.
The cuts represent roughly 2% of the company's total employees and will be implemented over the coming months.
The gambling group, which owns Ladbrokes and Coral, said the organizational changes are designed to improve operational efficiency and agility while maximizing shareholder value.
Affected employees will be consulted as the company provides support through the transition process.
The restructuring follows Entain's March financial results, which revealed a statutory loss after tax of £681 million for 2025.
Much of that loss stemmed from a £488 million impairment tied to higher UK gambling taxes announced in the November 2025 Budget.
Remote gaming duty rose from 21% to 40% beginning in April 2026, with a new 25% general betting duty for online gambling set to take effect in April 2027.
The chief executive warned that the tax increases could unintentionally benefit unlicensed operators who pay no tax and offer no player protections.
Beyond internal cuts, Entain ended Coral's 52-year sponsorship of the Coral Cup at the Cheltenham Festival, citing the need to reassess spending under the new cost landscape.
The company stated it remains committed to its UK business and horse racing despite the reductions.
Entain expects larger operators to better absorb the higher tax burden and projects at least £500 million in annual adjusted cash flow by 2028 through operational improvements.
