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Impact of UK Gambling Tax
Sunday February 21,2016 : IMPACT OF U.K. GAMBLING TAXES WILL BECOME APPARENT THIS WEEK
Corporate reports expected to show the financial impact of taxes on FOBTs and online gambling.
Corporate reportage from major UK bookmaking firms Ladbrokes and William Hill this week will illustrate the impact of government moves on fixed odds betting terminals and the ‘place of consumption’ online gambling tax, the Sunday Times noted over the weekend.
The expectation is that profits will be badly impacted by government moves to limit the number of FOBTs in each betting shop, and tax the profits from these lucrative machines at 25 percent, along with the first full year of new online gambling taxes, which include a 15 percent levy on profits.
It is anticipated that Ladbrokes will report a statutory loss after taking a huge write-down on the value of its betting shops and paying an extra GBP 40 million in taxes last year, whilst William Hill is expected to report a 22 percent decline in full-year pre-tax profits after paying an extra GBP 87 million in tax last year.
Gambling News :
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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