Paddy Power To Close 28 Outlets Ireland
Paddy Power is set to shut 28 betting shops in Ireland, putting 119 jobs at risk amid mounting cost pressures and challenging market conditions. The decision forms part of a wider plan by parent company Flutter to review its high-street footprint.
Cost pressures and retail review drive closures
The closures stem from a strategic review of the company’s high-street estate, prompted by rising operational costs and shifting customer behavior. Flutter UKI cited “increasing cost pressures and challenging market conditions” as key reasons for the decision. The affected shops are expected to close within the next month, and staff impacted will be offered redeployment where possible.
However, the company acknowledged that some job losses are inevitable. While the firm maintains that its physical store network remains an important element of its offering, it also plans to innovate and invest in areas aligned with evolving client trends.
Broader impact and future direction
Across the UK and Ireland, Flutter plans to close a total of 57 outlets, putting nearly 250 roles at risk. Out of these, 119 are based in the Republic of Ireland. Analysts warn that this may weaken the brand’s high-street presence and speed up the ongoing transition to online betting. Affected staff will receive support throughout the consultation process, which includes retraining and redeployment options.
The company aims to balance digital growth with a leaner, more efficient retail network. Flutter’s strategy reflects a wider trend among betting operators adapting to post-pandemic consumer behavior and economic pressures. The restructuring is expected to help streamline operations and ensure long-term profitability in both retail and online segments.