Rank Group to face £40m operating profit reduction amid RGD increase
The operator stated increases in tax payments are proportionately offset by a £6m benefit 'arising from the abolition of bingo duty' as part of the UK Autumn Budget 2025 statement.
The operator stated increases in tax payments are proportionately offset by a £6m benefit 'arising from the abolition of bingo duty' as part of the UK Autumn Budget 2025 statement.
CEO Grainne Hurst has welcomed the land-based and bingo approach while highlighting the online tax rise as "devastating."
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.
The share prices of many major UK gambling companies, including Entain, Flutter, Rank Group and Playtech, have trended upwards following the Chancellor's address.
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 inclusion of the former Tottenham Hotspur player in the X post was deemed to be appealing to under-18s.
The Swedish regulator will conduct supervision of all gaming venues registered after a licensing rule change in July 2023.