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."
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.
Wood's experience includes 11 years with Microgaming, among others.
Luis García, Liverpool legend after scoring the "ghost goal," and former FC Barcelona, Atlético Madrid and Spain footballer, speaks to Global Gaming Insider about Xavi, Andrés Iniesta, Luis Enrique, Mohamed Salah and more.