BGC warns UK machine-tax rise to 50% could close 3,400 betting shops
The Betting and Gaming Council warned the UK government that raising the tax on gaming machines from 20% to 50% could force more than 3,400 betting shops to close, according to its report. The BGC estimated the increase could cost 25,000 jobs and said a separate casino tax rise to 25% could put up to 40 casinos and 3,500 jobs at risk.
Operators and investors face potential closures and employment losses if the proposed tax increases proceed.