Bragg extends BetCity PAM agreement through May 2026

Entain said the UK's increase in machine games duty is expected to add about £25 million a year to costs in its UK and Ireland retail business before mitigation. The company maintained its 2026 guidance and £500 million annual adjusted cash flow target for 2028, and expects to offset the cost fully by the end of 2028. The higher 25% rate on specified higher-stakes machines is due to take effect on 1 April 2027.

According to an update from Entain, the recently announced rise in UK machine games duty is expected to cost it an extra £25 million ($33.25 million) each year. Even so, the owner of Ladbrokes and Coral has left both its fiscal 2026 guidance and its 2028 cash flow target where they were. The figures appeared in a statement to the London Stock Exchange on Wednesday, the same day Healey delivered the budget.