Due to reports that the UK's autumn budget may increase gambling taxes, London-listed gambling stocks plummeted last Friday and have not recovered this week.The Guardian quoted government sources as saying that it is "almost certain" that taxes on both online and physical gambling will be increased.
The UK Treasury is planning to simplify the tax system for the gambling industry to address the rapid growth of online gambling. Chancellor Rachel Reeves is facing strong pressure from MPs and think tanks to significantly increase gambling taxes, which could generate up to 15 billion pounds in reven
The British gambling industry is facing the risk of increased tax burdens. The Betting and Gaming Council (BGC) cited a recent survey indicating that if the government proceeds with plans to uniformly increase the online gambling tax rate, two-thirds of gamblers might abandon licensed platforms and
The UK gambling industry is facing significant tax reform challenges. Zoe Feller, a partner at Bird & Bird law firm, issued a warning at the Global Gambling Network seminar that the government's proposed unified reform plan for remote gambling tax could create an "economically unviable" industry env
As the UK officially implements the "statutory levy" on gambling in 2025, Victoria Reed, founder of the gambling safety advocacy organization Better Change, warns that the substantial taxes levied on the gambling industry may not only fail to effectively mitigate gambling-related harms but could als
The Betting and Gaming Council (BGC) has responded to the UK government's statement on mandatory taxation and betting limits on online slots, emphasizing its support for the reforms outlined in last year's white paper.However, the organization expressed concerns about its tone and manner, believing
CasinoBeats is breaking down the numbers behind some of the industry’s biggest stories. Our latest headline reflection features reported taxation in the UK and financial updates from Rank Group, evoke and Entain.50%The UK gambling industry could be facing a 50% remote gaming duty tax, as new Chancel
Peter Jackson, CEO of Flutter Entertainment, responded to ongoing speculation about a potential £3 billion ($3.92 billion) tax raid on the UK gambling industry. Over the weekend, reports emerged that two influential think tanks had proposed a tax on the gambling sector, with UK Chancellor Rachel Ree
The gambling sector experienced a sharp decline, with Entain recording the biggest loss of the day.United Kingdom.- The British government is reportedly considering a tax increase that could reach £3,000m (approximately €3,600m). On Monday, shares of companies like Entain, owner of Ladbrokes, fell b
A potential increase in gambling taxes in the UK could see online operators facing a substantial rise in levies, with new proposals suggesting remote gaming duties could be doubled to 50%, according to sources close to the Treasury. These measures aim to raise up to £3 billion ($3.9 billion) in addi
The UK gambling industry could be facing a significant tax hike, as new Chancellor Rachel Reeves searches for revenue raising measures ahead of a tough first Autumn Budget.The Guardian reports that one of the ideas being given serious consideration by the Treasury are major changes to the UK’s compl
Ministers are considering a tax raid of up to £3bn on the gambling sector as Rachel Reeves casts around for funds to shore up the public finances.Treasury officials are understood to be weighing up proposals, put forward by two influential thinktanks and backed by one of the party’s top five individ
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