(AsiaGameHub) –   Following failed efforts to sell its Irish retail portfolio, Entain has announced plans to shut down 39 Ladbrokes betting shops. This move marks the largest contraction of a retail footprint by any business operating in Ireland.

The closures, scheduled to be finalized by August 31, 2023, will result in the loss of approximately 226 jobs. Following these cuts, Ladbrokes will continue to operate 66 locations across Ireland, employing roughly 350 people.

A Ladbrokes spokesperson stated:

We regularly assess our retail portfolio to maintain financial viability and competitiveness. Our current focus is on working closely with our staff throughout the consultation period, prioritizing redeployment opportunities where they exist. Ladbrokes maintains its commitment to the Irish market and to operating a sustainable retail business.

Entain’s decision follows the breakdown of talks with Bar One Racing, which had been considering the acquisition of Ladbrokes’ entire Irish operation.

The spokesperson further commented:

Closing these shops in the Republic of Ireland is a difficult decision, driven by ongoing cost challenges, shifting consumer habits, and increased competition from unlicensed operators.

These closures coincide with broader industry trends, including recent reports of Evoke shutting down roughly 200 UK retail sites and Flutter Entertainment’s announcement that it will close 57 Paddy Power locations.