<br /> William Hill to close 700 stores.<br />Up to 4,500 jobs in the United Kingdom could be lost.<br />The announcement comes after the UK government slashed the maximum stake on Fixed Odds Betting Terminals to £2.<br />According to Business Insider, the terminals are known as the "crack cocaine" of gambling.<br />They had led to an explosion of betting shops on British high streets.<br />Campaigners welcomed the closures, while unions called for jobs to be protected. <br />
