Paddy Power to Cut 1,400 Jobs After Betting Tax Rises
Listen to the story
Paddy Power is a betting company. People use it to bet on sports and games online.
The company says it will cut 1,400 jobs. This means 1,400 people will lose their work.
Paddy Power says the reason is higher taxes. The government made betting taxes go up last year.
The tax rise was part of the government's Budget. A Budget is the government's plan for money.
The new taxes are on online casino games and sports betting. These are both popular ways to gamble online.
Paddy Power says the higher taxes make it hard to keep all the jobs.
This news will affect many workers and their families.
It shows how government money decisions can change people's jobs.
Vocabulary15 words
- jobs
- work that people do to earn money
- taxes
- money people or companies pay to the government
- Budget
- a government plan about money
- casino
- a place or app for playing games to win money
- sports betting
- putting money on who will win a sports game
- company
- a business that sells things or services
- government
- the group of people who run a country
- online
- using the internet
- cut
- to make smaller or stop something
- reason
- why something happens
- workers
- people who have jobs
- money
- what people use to buy things
- news
- new information about something happening
- popular
- liked by many people
- plan
- an idea about what to do
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Quiz
Answer key
1. 1,400 2. Higher betting taxes 3. Betting and casino games
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Paddy Power is a betting company. People use it to bet on sports and games _____.
The company says it will cut _____ jobs. This means 1,400 people will lose their work.
Paddy Power says the reason is higher _____. The government made betting taxes go up last year.
The tax rise was part of the government's _____. A Budget is the government's plan for money.
The new taxes are on online _____ games and sports betting. These are both popular ways to gamble online.
Paddy Power says the higher taxes make it hard to keep all the _____.
This news will affect many _____ and their families.
It shows how government money decisions can change people's _____.
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