Bacta has detailed that its members are to convey industry outrage over a proposed delay in implementing the £2 stake on FOBTs (fixed odds betting terminals), at a Treasury meeting next week. The meeting, which is set to be held at The Treasury on Wednesday 25 July, will see a senior delegation of figures from the UK trade association, including …
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Online performance boosts Gala Coral’s quarter
Gala Coral has bucked a trend by announcing good trading figures for the group’s third quarter period, ending 4 July. Net Revenue of £305.0m was 6% ahead of last year, and EBITDA of £65.7m was up 8%, boosted by continued growth in Online and Gala Retail. The figures are despite the £7.2m extra costs of gaming machines caused by an …
Read More »William Hill closes 70 shops ahead of machine tax increase
William Hill has closed 70 shops since the budget and intends to close another 12 shortly, according to the bookmaker’s interim report. HM Treasury’s announcement of an increase in MGD from 20 per cent to 25 per cent from 1 March 2015 saw the bookmaker pledging to close 109 outlets in order to absorb the higher taxation costs, and the …
Read More »Government ‘soaking’ of bookmakers will have consequences
The Association of British Bookmakers (ABB) claims that Chancellor George Osborne’s increase in tax on B2 Gaming Machines to 25% could see 30 per cent of the country’s betting shops in jeopardy. The organisation said in a statement: “The impact of the new Machine Games Duty (MGD) which came into effect last year and cost the industry an extra £50 …
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