Evolution chief executive Martin Carlesund said higher gambling taxes risk reducing channelisation rates across Europe. He said greater attention should be paid to unprotected customers and that a Gambling Commission investigation remains ongoing, according to reports.
The warning flags a potential channelisation impact for operators facing tax increases across European markets.
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Flutter, owner of Paddy Power, Sky Bet and FanDuel, announced on Tuesday it will cut about 15% of its workforce in the UK and Ireland, affecting up to 1,400 staff. The company said the restructuring responds to steep online gambling tax increases announced in last November's UK Budget. Flutter put the reorganisation cost at $80m to $90m.
Flutter, the owner of Paddy Power, Sky Bet and FanDuel, announced on Tuesday that it will reduce about 15% of its workforce in the United Kingdom and Ireland. The restructuring could affect up to 1,400 employees.
Rank Group chief executive Richard Harris warned that higher gambling taxes could threaten bingo halls and casinos in Britain. The company reported gaming revenue of £835 million for the year to June 2026, up 5%, while profit after tax fell 23% to £29.9 million. Rank said any increase in Machine Games Duty could reduce venue viability and tax receipts within 12 months.
HM Treasury has rejected blame after Betfred announced the closure of over 130 shops. The dispute follows industry claims that tax rises are responsible for the closures. Betfred operates more than 1,200 betting shops across the UK.
SBC Leaders interviewed Betting & Gaming Council chief executive Grainne Hurst about the impact of UK tax rises and the challenges facing the gambling industry. The interview also covered politics and Google, according to the report.
Entain CEO Stella David warned the UK Treasury about tax increases. Entain’s Q3 NGR rose 2%, while online NGR in the UK and Ireland increased 14% in the first full quarter with a 40% remote gaming duty.