Betfred Threatens To Shut ALL Betting Shops If Gambling Taxes Increase
Betfred has threatened to shut all betting shops across the United Kingdom if plans for tax harmonisation are made official.| Gambling Industry News
Horse racing will not be included in Chancellor Rachel Reeves’ proposed gambling tax rises. First reported by the Telegraph, Reeves is set to focus on gaming machines and online casinos to raise around £1 billion in extra funds for the Treasury. As it stands, Machine Games Duty (MGD) and Remote Gaming Duty (RGD) is taxed […] The post Rachel Reeves’ Proposed Gambling Tax Rise Will Not Include Horse Racing appeared first on Gambling Industry News.| UK Gambling & Casino Industry News Archives - Gambling Industry News
Betfred has threatened to shut all betting shops across the United Kingdom if plans for tax harmonisation are made official.| Gambling Industry News
The head of the UK’s main betting and gaming lobby group told MPs that gambling does not cause any social ills. Grainne Hurst, chief executive the Betting and Gaming Council (BGC), made the statement to parliament’s Treasury select committee on Tuesday. “I would disagree that there are social ills as a result of it. I […] The post BGC Head Tells MPs Gambling Does Not Cause Any ‘Social Ills’ Ahead Of Autumn Budget appeared first on Gambling Industry News.| Gambling Industry News Archives - Gambling Industry News
The operator behind William Hill, Evoke, has reported an increase in revenue just weeks after threatening to shut betting shops. Evoke said it is making “good progress” in its turnaround efforts as sports betting helped push stronger revenues. Shares in the gambling group moved higher in early trading as a result and shareholders were told […] The post William Hill Reports Revenue Increase Weeks After Threatening To Shut Betting Shops appeared first on Gambling Industry News.| Gambling Industry News Archives - Gambling Industry News
Rachel Reeves’ proposed gambling tax hike will cost up to 40,000 jobs according to recent analysis. The Betting and Gaming Council (BGC) commissioned EY – a firm specialising in economic modelling that advises companies and governments on tax – to explore the proposals published earlier this year by the Institute for Public Policy Research (IPPR). […] The post Rachel Reeves’ Gambling Tax Hike Will Cost Up To 40,000 Jobs, Industry Warns appeared first on Gambling Industry News.| Gambling Industry News Archives - Gambling Industry News
Entain CEO Stella David fears the upcoming gambling tax hike in the United Kingdom could force the closure of numerous betting shops.| Gambling Industry News
Chancellor Rachel Reeves has argued gambling operators "should pay their fair share" ahead of a widely expected tax hike in the autumn budget.| Gambling Industry News
Rachel Reeves is set to attend a gambling lobbyist's event ahead of the chancellor's widely expected tax hike later this autumn.| Gambling Industry News
The Institute for Public Policy Research (IPPR) has proposed large increases in gambling taxes to raise £3bn. The £3bn would be used to remove the two-child benefit limit and the household benefit, “lifting around half a million children out of poverty overnight”. However there’s a gap between how the proposal is being pitched – taxing […]| Tax Policy Associates Ltd
