Financial – Page 163 | Global Gaming Insider

Entain CEO ‘deeply disappointed’ in UK gambling tax increase

Entain CEO 'deeply disappointed' in UK gambling tax hike

The operator anticipates an additional cost of approximately £200m each year following the new Budget's introduction, while Evoke estimated £125-135m in annual duty costs.

5 min read • Nov 26 • By Kirk Geller

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.

3 min read • Nov 26 • By Kirk Geller

Legal & Regulatory Financial + 2 more

Brazil: More tax developments, as Defence Ministry pushes for a piece of the pie

Senator Eduardo Braga plans to raise the betting tax gradually, reaching 18% by 2028.

4 min read • Nov 26 • By Layla Victoria

Legal & Regulatory Financial + 5 more

British Horseracing Authority reacts to horseracing being 'spared' in UK Budget

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?

3 min read • Nov 26 • By Beth Turner

Legal & Regulatory Financial + 4 more

UK Budget: Mixed response to bingo duty removal

Not every gambling industry sector was treated equally when it came to the UK Autumn Budget earlier today.

5 min read • Nov 26 • By Megan Elswyth

many operators see share prices up after budget announcement

Legal & Regulatory Financial + 2 more

UK gambling share prices defy Budget tax hikes

The share prices of many major UK gambling companies, including Entain, Flutter, Rank Group and Playtech, have trended upwards following the Chancellor's address.

4 min read • Nov 26 • By Rory Calland

Legal & Regulatory Financial + 4 more

The legal view: What are the knock-on effects of the UK's gambling tax hike?

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.

5 min read • Nov 26 • By Will Underwood

Financial Mergers & Acquisition + 3 more

Miami International sells stake is MIAXdx to Robinhood and SIG

Miami International Holdings has announced the sale of 90% of its MIAX Derivatives Exchange to Robinhood Markets in partnership with SIG, while retaining a 10% stake.

3 min read • Nov 26 • By Jack Found

The Budget briefcase is held up, with casino chips falling out the side

Legal & Regulatory Financial + 6 more

UK Budget gambling tax hike: Key points and what you need to know

The UK Parliament released its long-awaited Budget statement this afternoon, with details on how the gambling industry will be affected moving forward.

5 min read • Nov 26 • By Megan Elswyth