Tax
9 articles tagged "Tax".
UK Tax Hike Fuels Illegal Gambling Surge, BGC Warns Using H2 Data
The BGC warns that the UK's tax increase on regulated online gambling is driving punters to unlicensed operators, with H2 data projecting the illegal market share will more than double to 22% by 2031.
Italian Tax Agency Raises 2026 Gambling Revenue Forecast by €807 Million
Italy's tax authority has raised its 2026 gambling revenue forecast by €807 million, driven by new online licences and marginal tax hikes, though recent receipts have dipped. Regulatory reforms, including a unified land-based framework and a replacement for the advertising ban, are due by end of August.
Betsson Q2 Revenue Tops Consensus but Profit Slumps as Regulated Market Taxes and B2B Decline Bite
Betsson's Q2 2026 revenue of €310.2 million beat analyst expectations despite a 2.1% year-over-year increase and record contribution from Latin America, but profits fell sharply due to higher gaming taxes in regulated markets and a slump in B2B licence revenue.
Entain Confirms 500 Job Cuts as UK Tax Hikes Bite
Entain is cutting 500 jobs (2% of workforce) to reduce costs and counter the impact of UK online gambling tax increases expected to add £200 million annually, while separately progressing a €425 million phased exit from its CEE operations.
Chile Adds 25 Betting Sites to VAT Registry as Tax Crackdown Commences
Chile has added 25 betting platforms to its digital VAT register, marking the start of tax enforcement on the sector.
H2 Gambling Capital: UK Tax Hikes Could Drive Illegal Betting Surge
A new H2 Gambling Capital analysis forecasts that UK tax increases will push illegal online gambling turnover to £36bn by 2031, with the black market's share rising to 22%, prompting the BGC to warn of severe economic consequences.
Rank Group forecasts FY26 profit at least £76m, beating consensus despite regulatory provision
Rank Group expects FY2026 underlying operating profit of at least £76 million, exceeding consensus by around 11%, despite a £5 million provision for a UK Gambling Commission settlement. Growth was driven by all divisions, particularly digital and gaming machines, with the company managing a sharp increase in Remote Gaming Duty through cost controls.
Evolution settles UKGC probe for £4.75m, Galaxy deal lapses as CEO rules out UK strategy shift
Evolution has paid £4.75 million to settle a UK Gambling Commission probe into black market access, while CEO Martin Carlesund confirmed no change to UK operations and criticised rising gambling taxes. Meanwhile, the supplier’s acquisition of Galaxy Gaming has stalled after the July 2026 deadline passed, though neither party has walked away from the deal.
Weekly Briefing: Italy's Football Betting Tax Proposal, European Regulators' Anti-Illegal Efforts, and Other Industry Headlines
This week's roundup covers Italy's proposed 2% football betting levy to fund sport development, European regulators' intensified fight against illegal online gambling, Indiana's ban on sweepstakes casinos, Scotland's new £375k gambling harm funding, Germany's appointment of Christian Hochgrebe as GGL chair, and industry leaders' views on balancing ad restrictions with channelisation.