The betting sector has criticised recent UK government tax decisions and forecast mass layoffs, according to the headline and feed snippet.
The reported tax criticism and job-loss forecast concern UK betting businesses and their workforce.
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Reportedly, the BGC has called on the UK government to exclude further gambling tax rises from its next budget. Gambling company executives also want the government to suspend a tax increase.
The Betting and Gaming Council (BGC) has asked the UK government to rule out further increases in gambling taxation in the next budget and to suspend a planned rise in betting duty. The request was made in a letter to the Chancellor of the Exchequer, John Healey, signed by the chief executives of Entain, Flutter UK & Ireland, bet365, Bally's Corporation, evoke and Betfred, all BGC members, according to the report.
iGamingFuture reported that H2 Gambling Capital analysis suggested UK gambling tax increases could accelerate illegal market growth. The assessment covered both recent and planned increases.
Rank Group’s first-quarter net gaming revenue rose 5% to £216.1m. Grosvenor casinos and digital operations each grew 6%, while three Grosvenor sites closed because Rank considered them economically unviable. Chief executive Richard Harris warned further Machine Games Duty increases could cause additional closures and job losses; half-year results are scheduled for 28 January 2027.
Rank Group reported a 5% rise in net gaming revenue to £216.1m for the first quarter of its 2027 financial year, the quarter ending 30 September. The company, which operates the Grosvenor Casinos and Mecca Bingo brands, said it had made a strong start to the financial year and was confident of delivering operating profit in line with market expectations for the current year.
Reportedly, a provisional measure stopping online betting in Brazil has caused job losses in the regulated gambling sector. Affected workers face uncertainty over their finances and prospects of finding new employment.
ANJL criticised the exclusion of regulated betting operators from a Brazilian government meeting chaired by President Luiz Inácio Lula da Silva on 1 September. The association said SPA also did not attend and challenged information presented during the discussion.