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Derek Webb backs higher gambling taxes and stricter regulation

Regulation

Derek Webb told a media outlet that he supports higher taxes on remote gambling and stricter regulation. The report said his UK campaign against fixed-odds betting terminals helped bring about a reduction in the maximum stake from £100 to £2 in 2019; it also linked his commissioned tax research to debate over possible increases in an upcoming budget.

Webb’s campaigning and commissioned research feature in debate over potential tax rises for gambling operators.

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Flutter plans UK restructuring as it prepares for higher taxes

Flutter chief executive Dan Taylor said the company’s UK restructuring, which will cut around 1,400 jobs, is intended to protect its consumer offering. Taylor also discussed the group’s opportunity in market-making in prediction markets, according to the report.

Flutter chief executive Dan Taylor said the decision to cut around 1,400 jobs will allow the group to protect its consumer offering. Taylor described the UK restructuring as a step that would "set us up to win in a post-tax environment".

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