The owner of William Hill and 888 warned of thousands of job cuts after a £1.1billion raid on the gambling industry, writes Ella Manning.
Rachel Reeves raised remote gaming duty, levied on online casinos, from 21 per cent to 40 per cent from April. And she lifted the levy on online sports betting from 15 per cent to 25 per cent – though horseracing was spared.
Evoke, which owns William Hill and 888, said the raid was ‘ill-thought-through, counter-productive, and highly damaging’.
Chief executive Per Widerstrom said: ‘It is clear these changes will significantly harm businesses, employees and customers.
‘We will begin immediately on executing mitigation plans, which involve a significant reduction in investment into the UK and, very regrettably, the likely need for thousands of jobs to be cut up and down the country.
‘These tax changes will reduce the overall level of tax the regulated industry pays in the UK.’
House always wins: Rachel Reeves raised remote gaming duty, levied on online casinos, from 21% to 40% and lifted the levy on online sports betting from 15% to 25%
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