Tag Archives: Chancellor Philip Hammond

Year in Review: The impact of FOBT regulations

It has proven to be a very tumultuous year for the retail betting sector, with 151 stores closing to the public between March and September. The big four – Ladbrokes Coral, William Hill, Betfred and Paddy Power – continued to dominate the retail scene, holding 87 per cent of betting shops in Great Britain. Generally, however, stores have been struggling …

Read More »

Rebel MPs seek to force Treasury’s hand over FOBTs

The Treasury’s decision to delay the implementation of a £2 maximum stake on fixed-odds-betting-terminals (FOBTs) until October has led to a revolt amongst Tory MPs. Defiance over the delay has mounted since Tracey Crouch resigned from the Department for Digital, Culture, Media & Sports (DCMS) in the immediate aftermath of Chancellor Philip Hammond’s controversial budget announcement. Whilst Theresa May places her …

Read More »

Hammond’s ‘Give Away Budget’ triggers further ‘nightmare’ for UK gambling

This afternoon, Chancellor of the Exchequer Philip Hammond delivered the UK’s ‘final budget before Brexit’, promising a ‘big give away’ for UK public services and healthcare. Prior to publishing the 2018 Budget, political commentators expected Chancellor Hammond to deliver a fiscal plan which would support PM Theresa May’s autumn declaration that the ‘era of austerity was coming to an end’. …

Read More »

“You might as well shout at the moon” – Hammond set to issue RGD hike

Next Week (Monday 29 October) will see all the debate come to an end as Chancellor Philip Hammond delivers the UK Budget 2018, with industry expectations firmly set to see a significant remote gaming duty (RGD) increase. Representing the third online gambling tax constraint imposed by the government since 2014, following point-of-consumption (POC-2014) and Industry Free-Play taxes (2016), 20 and …

Read More »