William Hill’s roughly 2,000 UK landlords need to cut rent in half to prevent the closing of up to 900 betting shops, Property Week reported.
The operator expects some shops to suffer more than 50 per cent revenue declines when the maximum bet on FOBTs is cut to £2 from £100, starting next week.
“We are therefore asking all our landlords to help us maintain our position at WMH as the leading gambling operator on the high street so that our shops can continue to offer a great service to our customers and help maintain the viability of our high streets,” William Hill wrote in a letter to its landlords.
Source: Fantini’s Gaming Report
