Jefferies analyst calls reported UK gambling tax proposals unrealistic
Jefferies analyst James Wheatcroft described reported UK proposals to raise gambling taxes as unrealistic in an investor note published on 13 October. The proposals included raising online gambling and online sports betting taxes to 42% or 50%; Wheatcroft said the changes could sharply reduce operator profitability if adopted.
The reported tax scenarios could affect operator margins and inform investors’ assessment of UK gambling companies.