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.
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 decision, which passed with only one dissenting vote, came after an initial application requested approval for a roulette-themed game.
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.
All newspaper retailers in the nation will now be required to perform ID, age and EPIS checks on players from May 2026.