Entain and Rank warn that gambling tax hikes will cause closures and job cuts
Summary
Two of Britain's biggest gambling operators, Entain, the owner of Ladbrokes and Coral, and Rank Group, which operates Grosvenor Casinos and Mecca Bingo, issued separate warnings on Thursday 15 October to John Healey that further tax increases in this month's Budget could force betting shops and casinos to close, putting jobs and investment at risk, City A.M. reported. Entain said the UK has become an 'increasingly challenging tax environment', according to the Evening Standard and The Independent, which reported the two groups' warning that gambling tax hikes will cause closures and job cuts.
Latest: Entain and Rank Group, two of Britain's biggest gambling operators, warned John Healey that further tax increases in this month's Budget could force betting shops and casinos to close, putting jobs and investment at risk, City A.M. reported.
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How it unfolded
Thursday 15 October
Entain and Rank Group, two of Britain's biggest gambling operators, warned John Healey that further tax increases in this month's Budget could force betting shops and casinos to close, putting jobs and investment at risk, City A.M. reported.
- 04:12The IndependentGambling tax hikes will cause closures and job cuts, say Entain and Rank
- 04:12Evening StandardGambling tax hikes will cause closures and job cuts, say Entain and Rank
- 03:06City A.M.Entain and Rank warn Budget tax hikes threaten betting shops and jobs