Tag Archives: Department for Digital

GVC suggests 900 of its betting shops will close

Ladbrokes

GVC Holdings has responded to the news of William Hill’s shop closures by outlining that 900 of its own Ladbrokes and Coral shops could face closure, which is ten per cent lower than its previous estimates made in April.  Similar to William Hill, GVC has attributed the potential closures to the FOBT stake cut brought in on 1 April of …

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“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 …

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Revamped levy system boosts British racing in 2017/18 report

Brighton Racecourse

Reforms implemented by the government to the levy system have generated positive returns for racing stakeholders, as the UK Department for Digital, Culture, Media & Sport (DCMS) published The Horserace Betting Levy Board (HBLB) annual report & accounts 2017-18. Coming into force in April of this year, the new levy forced all UK licensed bookies, whether that be land-based or …

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