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27.11.25 - 10:18
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Paddy Power owner says raising online gambling taxes will hit profits hard (The Guardian)
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Flutter says move in budget will affect underlying earnings by about $320m in 2025-26 and $540m in 2026-27.Business live – latest updatesThe Paddy Power and Betfair owner, Flutter Entertainment, has warned the budget move to increase UK gambling taxes will hit its annual profits by $860m (£650m) over the next two years.The chancellor, Rachel Reeves, announced on Wednesday that remote online gaming duty would rise from 21% to 40%, while online sports betting – excluding horse racing – would increase from 15% to 25%. Continue reading......
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25.11.25 - 13:24
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UK gambling firms make £1bn extra from punters amid calls for tax rises (The Guardian)
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Companies made £12.6bn in 12 months to March, with 15% rise in winnings from online casino playersBusiness live – latest updatesThe UK gambling sector won an extra £1bn from punters in the year to March, according to new data expected to buoy calls for the chancellor to raise betting taxes in Wednesday's budget.Betting companies made £12.6bn from services excluding lotteries in latest 12-month reporting period, the Gambling Commission revealed on Tuesday, marking a 9.3% rise on the £11.5bn the industry won during the previous year. Continue reading......
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