The online casino industry has grown to become one of the most lucrative sectors in the world, with tons of casino platforms being launched almost every month of a calendar year. We’ve witnessed the rise of different types of casinos, from the famous crypto casinos to the no-verification casinos and the credit card casinos. However,...
Category: Gambling
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UK government ‘determined to strike right balance’ on tax
The UK Secretary of State for the Department of Culture, Media and Sport, Lisa Nandy, expressed in Parliament that she was determined to “strike the right balance” on the issue of gambling industry taxes. Reports have been circulating that the government is considering raising taxes for the gambling industry, and Conservative MP Dr Luke Evans...
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How is the gambling landscape evolving in the UK?
Regardless of your expertise level, the gambling environment in Great Britain offers an engaging experience that unites individuals worldwide in the quest for thrill and wealth. In this light, we explore how the UK has ascended to prominence in the casino sector, influencing an industry that enthrals millions globally. We examine the evolution of...
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Culture Secretary says ‘we want gambling to thrive’ after rumours of ‘tax raid’
Culture Secretary Lisa Nandy has said she wants the gambling industry to “thrive” amid rumours of a multi-billion pound “tax raid” on bookies. Earlier this week, gambling firms saw their shares tumble amid fears the Government is planning to double some of the taxes paid by online casinos and bookies in the forthcoming Budget. Ladbrokes...
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Top-15 UK Casinos Not on GamStop From The Gambling Experts
The Internet is inhabited by many recreational casino enthusiasts in the United Kingdom, and not all of them wish to take part in GamStop self-exclusion scheme. If you want to know which casinos are available to play, have multiple games, and give good bonuses not affiliated with GamStop, then you’ve come to the right place....
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Online Gambling in the UK: A Business in Crisis or a New Dawn? – London Post
The online gambling industry in the UK has long been a major player in the global gaming landscape, generating billions in revenue and employing thousands. However, as we step into 2024, questions loom over the sector’s stability and future growth potential. Is the UK online gambling business facing a crisis? Let’s see the current state...
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Gambling stocks hit by fears of UK Budget tax grab
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares of UK-based bookmakers fell sharply on Monday on concerns that the government could raise taxes on gaming companies in this month’s Budget. Entain, the London-listed gambling group that owns Ladbrokes, plunged by as much...
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Shares in UK gambling firms fall £3bn amid talk of higher taxes in budget
Shares in British gambling companies have dropped sharply, reducing the stock market value of large operators by more than £3bn, after the Guardian reported that Treasury officials could tap the sector for between £900m and £3bn in extra taxes. The chancellor, Rachel Reeves, has come under pressure from two influential thinktanks to raise taxes on...
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Operator share prices tumble as UK government considering gambling tax increase
Great Britain’s government is reportedly considering proposals that could see certain taxes on gambling operators double, in an effort to raise up to £3bn (€3.59bn/$3.92bn) in additional funds. One such proposal could see the remote gaming duty increased to 50%. Today, UK remote gaming duty sits at 21% of operator profits, this is based on...
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U.K. Gambling Stocks Fall on Reports of New Industry Taxes
By Cristina Gallardo British gambling stocks fall dragged by reports of government plans for a new tax raid on the industry. Shares in London-listed Evoke, Entain, Flutter Entertainment and Rank Group tumbled Monday on the back of the reports, which suggest that the U.K. government is aiming to raise up to 3 billion pounds ($3.92...
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Chancellor shrinks public funding pot for Britain’s new National Wealth Fund
Chancellor shrinks public funding pot for Britain’s new National Wealth Fund Jump to content
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UK: Labour considers up to £3bn tax raid on gambling firms
Saturday, October 12, 2024 4:47 PM Image aggregated from The Guardian. Rob Davies, The Guardian Email, LinkedIn, and more Ministers are considering a tax raid of up to £3bn on the gambling sector as Rachel Reeves casts around for funds to shore up the public finances. Story continues below Treasury officials are understood to be...