Grosvenor Casinos owner warns of £9m tax hit after Healey’s gambling duty hike Casino Casino operator Rank Group has warned that John Healey’s gambling tax hike will deliver a hit of around £9m a year, as the industry begins to count the cost of Wednesday’s Budget. The London-listed owner of Grosvenor Casinos and Mecca Bingo said the increase in Machine Games Duty (MGD) from 20 to 25 per cent, [...]
Budget: Odds to be slashed if betting industry taxed higher, Reeves warned Sport Business Tax rises for the betting sector in tomorrow’s Budget could leave punters with worse odds across all sports, say industry spokespeople. Chancellor Rachel Reeves may target so-called “sin taxes” on Wednesday as she looks to fill a fiscal black hole, with the gambling sector expected to be hit. Reeves could exempt flutters on horse racing [...]
Gambling industry will see job losses if taxes hiked, Chancellor warned Business The gambling industry and high street could be hit with job losses if the Chancellor hikes taxes on betting, the Betting and Gaming Council has warned. Rachel Reeves is expected to target so-called “sin taxes” at Wednesday’s budget, alongside a number of other areas – from ISAs to income tax thresholds to VAT – to [...]
Budget: More than sport at stake when it comes to betting tax hikes September 9, 2025 Today marks my first anniversary as chief executive of the Betting and Gaming Council. It’s a privilege to represent an industry that contributes billions to the economy and plays such an integral role in British sport and culture. But it’s also a moment of real jeopardy for our sector, and for the sports and communities [...]
Reeves warned against gambling tax as EU black market hits £70bn August 26, 2025 Rachel Reeves has been warned to halt plans for tax hikes on bookies after research revealed illegal sites took over 70 per cent of Europe’s betting and casino sales in 2024. Data published by Yield Sec suggests that black market bookies and casino operators raked in £69.7bn across the 27 European Union countries in 2024. [...]
BGC: Reeves making a mockery of growth strategy with gambling tax August 20, 2025 The Government would be “making a mockery of their growth strategy” if they introduce a mulled gambling tax, the chief of the Betting and Gaming Council has said. Grainne Hurst insists that plans by Chancellor Rachel Reeves and the Treasury that could hit bookies with tax rises and potentially drive punters away from popular sites [...]
Betting and Gaming Council hails gambling minister after AGM March 2, 2025 The Betting and Gaming Council have heaped support on gambling minister Baroness Twycross after her address at the group’s AGM. “In my short time in post, I have seen the value this sector brings,” the former London Assembly member said last week. “Not just in tax receipts and jobs created, but as a leisure activity, [...]