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Industry watches for updates on potential gambling tax changes in UK
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Industry watches for updates on potential gambling tax changes in UK
London-listed gambling stocks remain under pressure after sharp declines last Friday, sparked by reports that the UK government is considering a substantial rise in gambling taxes in its autumn budget. According to The Guardian, citing government sources, increases to levies on both online and land-based gambling are “near-guaranteed.” The news triggered a sector-wide sell-off, with Flutter Entertainment falling 8.1% to 21,060.00p ($267.22), Ent…
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