BGC says possible MGD rise to 40% could put 16,000 UK jobs at risk
By SectorWire desk ·
Summary
The Betting and Gaming Council says a possible increase in the UK’s Machine Games Duty to 40% could put up to 16,000 jobs at risk. It cites EY modelling that also estimates nearly 1,500 betting shops, up to 34 casinos and up to £124 million in Treasury revenue could be at risk. The report said that the BGC asked the Government to rule out an MGD increase.
Why it matters
The potential tax change could affect jobs and betting-shop and casino operations across the UK.