Several betting shops across Wales are shutting down following a combination of tighter regulations and economic downturns.
According to reports, this move affects a significant number of gambling outlets, particularly in Cardiff, Swansea, and Newport.
The closures are part of a broader trend impacting the UK gambling sector, with major companies citing reduced footfall and increased regulatory scrutiny as key reasons.
Big News
Gambling company Stake will be shut down in Great Britain.
Everton and other football clubs who continue to promote Stake to GB residents may be doing so unlawfully. pic.twitter.com/B2kOpOYvde
— The Big Step (@the_bigstep) February 12, 2025
The Gambling Commission has intensified oversight, leading to new rules on maximum stakes, advertising restrictions, and affordability checks. These measures have made it harder for bookmakers to maintain profitability. A spokesperson from a leading betting chain stated, “We’ve seen a sharp decline in in-store betting, and with new regulations, it’s no longer viable to keep certain locations open.”
Reports indicate that over 20 betting shops in Wales are expected to shut their doors by mid-2025. In 2023 alone, the number of high street betting shops in the UK fell by 4.2%, according to industry statistics. This trend mirrors broader declines in physical gambling establishments as online betting continues to dominate the market.
Staff at affected locations face uncertainty, with many expressing frustration over job losses. “This decision will leave dozens of us without work. We were given little notice, and it’s a devastating blow,” said a Cardiff-based employee who wished to remain anonymous.
Meanwhile, campaigners advocating for responsible gambling view the closures as a positive step. “We believe these closures will help reduce problem gambling and protect vulnerable individuals,” a representative from a Welsh anti-gambling organisation commented. However, some punters disagree, arguing that restricted access to betting shops will only push more people toward unregulated online alternatives.
Economists suggest that the closures could have a knock-on effect on local economies. Small businesses located near betting shops often benefit from foot traffic, and their decline may contribute to further economic downturns in affected areas.
Despite this, major bookmakers insist that they are shifting focus to digital platforms, with online gambling making up nearly 60% of total revenue in the UK betting industry.
According to WalesOnline, local councils are also considering additional measures to curb gambling-related harm, which could lead to even more closures in the future.
