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Gibraltar gambling commissioner warns UK tax rises could harm its economy

Regulation

Gibraltar Gambling Commissioner Andrew Lyman warned that steep UK gambling tax increases could damage the British and Gibraltar economies. He said a rise of four or five percentage points in Remote Gaming Duty might be manageable, but rates approaching 30% could cause serious sector damage; the UK budget was due on 26 November.

A UK tax decision could affect gambling operators and Gibraltar’s economy, which the source says relies heavily on remote gambling.

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