UK Betting Sector Warns Of More Closures After Tax Rises
Britain’s regulated betting industry has warned that further increases in taxation and operating costs could accelerate betting shop closures and reduce future investment across the sector. The Betting and Gaming Council (BGC) said more than 540 high-street betting shops have closed since last year’s Budget, resulting in around 4,500 job losses. The organisation said these closures add to a longer decline in retail betting, with approximately 3,000 shops shutting since 2019 and more than 15,000 positions disappearing during that period. The […] The post UK Betting Sector Warns Of More Closures After Tax Rises appeared first on World Casino News.
Britain’s regulated betting industry has warned that further increases in taxation and operating costs could accelerate betting shop closures and reduce future investment across the sector. The Betting and Gaming Council (BGC) said more than 540 high-street betting shops have closed since last year’s Budget, resulting in around 4,500 job losses. The organisation said these closures add to a longer decline in retail betting, with approximately 3,000 shops shutting since 2019 and more than 15,000 positions disappearing during that period. The […]
The post UK Betting Sector Warns Of More Closures After Tax Rises appeared first on World Casino News.
