Tag Archives: george osbourne

Rank sees retail & digital growth in 2014/15

SBC News Rank sees retail & digital growth in 2014/15

Reporting on its preliminary 2014/15 corporate performance (year ending 30 June), FTSE 250 listed gambling operator Rank Group Plc was pleased to announce top line growth on all key performance metrics. A strong 2014/15 performance would see the operator record a 4% uplift in group revenues to £738 million, Rank Group would report year-end operating profits of £84 million up …

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GBGB wants Racing Right extended to greyhound racing

SBC News GBGB wants Racing Right extended to greyhound racing

The Greyhound Board of Great Britain (GBGB) has urged the UK government to extend its Betting Right legislation to cover UK greyhound racing. Following last week’s announcement of the Betting Right by UK Chancellor George Osbourne, GBGB management showed its support for the introduction of the legislation which would tax funds for wagers placed on UK racing through licensed UK …

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Budget bumps up machine tax for bookies

SBC News Budget bumps up machine tax for bookies

In an unexpected blow for the bookmaking sector, Chancellor George Osborne has announced that the Machine Games Duty tax rate for B2 gaming machines is to increase to 25% from 20%. In the budget statement, Osbourne said: “The Department of Culture, Media and Sport has a review underway to consider the regulation of Category B2 gaming machines (also known as …

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