BGC slams UK tax hike as "hammer blow" to the industry
CEO Grainne Hurst has welcomed the land-based and bingo approach while highlighting the online tax rise as "devastating."
CEO Grainne Hurst has welcomed the land-based and bingo approach while highlighting the online tax rise as "devastating."
The operator formed a multi-year partnership with the Kansas City Royals MLB franchise to gain market access in Missouri but was still under review for a sports betting license from the MGC.
Horseracing did not see an increase in betting duty, despite other sectors seeing taxes almost double. But will the knock-on effects from operators end up hurting horseracing anyway?
Not every gambling industry sector was treated equally when it came to the UK Autumn Budget earlier today.
Comments from legal experts including Peter Wilson and Richard Williams - alongside the UK's Gambling Commission - shed light on the potential implications of these legislative changes.
The UK Parliament released its long-awaited Budget statement this afternoon, with details on how the gambling industry will be affected moving forward.
Rachel Reeves delivered the Budget statement to Parliament this afternoon, with gambling tax reforms estimated to raise £1.1bn ($1.45bn) by 2029/30.
The Swedish regulator will conduct supervision of all gaming venues registered after a licensing rule change in July 2023.
Wood's experience includes 11 years with Microgaming, among others.
The agreement strengthens ATG's safer gambling framework in a market facing heightened regulatory scrutiny and follows Mindway AI's expansion into both online and land-based environments.