BGC Accuses UK Authorities of Tax Raids on Gambling Houses

The Betting and Gaming Council (BGC) in the United Kingdom has accused the government of conducting a covert tax raid on casinos, which could cost the gaming industry up to £5 million (approximately $6.2 million) annually.

The BGC referenced a statement by Finance Minister Jeremy Hunt, who promised to introduce a unified tax on online gambling. The Council's CEO, Michael Dugher, emphasized that abolishing the law on a single tax could have boosted the development of the land-based casino sector in the UK. Instead, he believes the government is missing an opportunity to create new jobs.

The Council noted that casinos annually contribute £300 million in taxes, but four establishments have closed in the past four months, and the country's gaming sector has lost 25% of its workforce over four years. According to the BGC, the new tax will further worsen the situation.

Currently, there are 117 gambling establishments remaining in the UK.

25 November 2023, 03:00

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