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BGC chief urges UK government to reconsider proposed gambling tax increases

Regulation

Betting and Gaming Council chief executive Grainne Hurst urged the UK government to reconsider proposed increases to gambling taxes. Hurst said an EY analysis projected that the proposals could put more than 40,000 jobs at risk, shift £8.4bn in stakes to the black market and reduce the sector’s economic contribution by £3.1bn.

The proposed rates could alter regulated operators’ tax costs and the market conditions they face in the UK.

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Regulation

BGC chief warns UK gambling tax proposals could push customers to illegal sites

Betting and Gaming Council chief executive Grainne Hurst argued that proposed UK tax increases on online betting and gaming could drive customers towards unlicensed sites. She said operators already face costs from consumer-protection reforms and warned that higher taxes could weaken their ability to compete with illegal operators. The report does not specify the proposed tax rates or amounts.

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