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Ladbrokes to close 52 shops in Ireland

29 July 2015

LADBROKES are to close 52 betting shops in Ireland after the high court in Dublin yesterday approved a rescue plan for the bookmaker’s loss-making Irish division, writes Bill Barber.The firm will maintain 144 shops and continue to employ more than 700 staff in Ireland,with no more than 90 people leaving the business, all of whom opted into the voluntary redundancy scheme proposed during the examiner ship process that began in April.

Exam inership offered protection to Ladbrokes Ireland through the high court, allowing major restructuring of the division while it continued to trade.After examiner Ken Fennel of Deloitte’s plan was approved,Ladbrokes Ireland retail director Jackie Murphy said: “We’re pleased the process is now almost complete and the business will soon be an exciting examinership.

Throughout this process we've always maintained our company provided the best option for the future stability of the Irish business.“We’ll now have a sustainable cost base for the company,allowing us to grow a competitive business based in Ireland, run from Ireland, which invests in Irish sport and supports the Irish economy.”

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