Close Menu
    Facebook LinkedIn YouTube WhatsApp X (Twitter) Pinterest
    Trending
    • Our Favorite Apple Watch Has Never Been Less Expensive
    • Vercel says it detected unauthorized access to its internal systems after a hacker using the ShinyHunters handle claimed a breach on BreachForums (Lawrence Abrams/BleepingComputer)
    • Today’s NYT Strands Hints, Answer and Help for April 20 #778
    • KV Cache Is Eating Your VRAM. Here’s How Google Fixed It With TurboQuant.
    • OneOdio Focus A1 Pro review
    • The 11 Best Fans to Buy Before It Gets Hot Again (2026)
    • A look at Dylan Patel’s SemiAnalysis, an AI newsletter and research firm that expects $100M+ in 2026 revenue from subscriptions and AI supply chain research (Abram Brown/The Information)
    • ‘Euphoria’ Season 3 Release Schedule: When Does Episode 2 Come Out?
    Facebook LinkedIn WhatsApp
    Times FeaturedTimes Featured
    Sunday, April 19
    • Home
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    • More
      • AI
      • Robotics
      • Industries
      • Global
    Times FeaturedTimes Featured
    Home»News»BGC warns budget plans will mean thousands of job losses and illegal gambling set to double
    News

    BGC warns budget plans will mean thousands of job losses and illegal gambling set to double

    Editor Times FeaturedBy Editor Times FeaturedDecember 10, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp Copy Link


    “This price range means hundreds of job losses,” the Betting and Gaming Council (BGC) warns as they are saying they’re able to work with the UK authorities following the Autumn Budget announcement.

    The Finances confirmed an increase to gambling tax as it’ll push distant gaming obligation from 21 to 40 per cent beginning in April 2026. The creation of a brand new 25 per cent common betting obligation for on-line playing can be launched too from April 2027.

    Self-service playing terminals, unfold betting, pool bets, and horseracing are exempt, whereas bingo taxes may have the present 10 per cent price abolished. The BGC, in a brand new assertion, touched on how “racing has seemingly been shielded from increased betting duties” and says it “seems like a win, however anybody who understands how the sector operates is aware of that isn’t true.”

    Our trade helps hundreds of jobs, invests in communities and funds sport, from the grassroots to elite stage. None of that’s assured after the Finances. If regulated corporations are squeezed, the results can be felt in job losses, store closures and decreased funding in… pic.twitter.com/RG6tSYWy8O

    — Betting and Gaming Council (@BetGameCouncil) December 8, 2025

    Shortly after the tax announcement, many operators throughout the UK sectors additionally made their emotions identified. Flutter Leisure, for instance, described it as being “a very disappointing outcome.”

    Playing tax hikes in UK may push gamers out of regulated sector, BGC suggests

    The affiliation suggests the Chancellor has really imposed one of many largest tax hikes on any trade in trendy instances and says these steep tax rises, layers on new regulation, “is not going to make playing safer.”

    As a substitute, the BGC says it’ll do the other and push abnormal gamers out of the regulated sector and into the unsafe black market.

    Grainne Hurst, Chief Govt of the Betting and Gaming Council, said: “The Authorities’s personal figures present these tax plans will trigger important injury. Trade evaluation primarily based on modelling from EY finds that almost 17,000 high-tech jobs can be misplaced throughout on-line betting and gaming, with over £6 billion in stakes diverted to the black market – a 140% improve in its dimension.”

    The council says they’re able to work with the Authorities to ship the most secure, most sustainable playing atmosphere on the earth, however insurance policies that strengthen the regulated market are required.

    Featured Picture: AI-generated by way of Ideogram

    The submit BGC warns budget plans will mean thousands of job losses and illegal gambling set to double appeared first on ReadWrite.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Editor Times Featured
    • Website

    Related Posts

    Vercel says it detected unauthorized access to its internal systems after a hacker using the ShinyHunters handle claimed a breach on BreachForums (Lawrence Abrams/BleepingComputer)

    April 19, 2026

    A look at Dylan Patel’s SemiAnalysis, an AI newsletter and research firm that expects $100M+ in 2026 revenue from subscriptions and AI supply chain research (Abram Brown/The Information)

    April 19, 2026

    Google is in talks with Marvell Technology to develop a memory processing unit that works alongside TPUs, and a new TPU for running AI models (Qianer Liu/The Information)

    April 19, 2026

    At the Beijing half-marathon, several humanoid robots beat human winners by 10+ minutes; a robot made by Honor beat the human world record held by Jacob Kiplimo (Reuters)

    April 19, 2026

    A look at the AI nonprofit METR, whose time-horizon metrics are used by AI researchers and Wall Street investors to track the rapid development of AI systems (Kevin Roose/New York Times)

    April 19, 2026

    Binance and Bitget to probe a rally in RaveDAO’s RAVE token, which surged 4,500% in a week, after ZachXBT alleged RAVE insiders engineered a large short squeeze (Francisco Rodrigues/CoinDesk)

    April 19, 2026

    Comments are closed.

    Editors Picks

    Our Favorite Apple Watch Has Never Been Less Expensive

    April 19, 2026

    Vercel says it detected unauthorized access to its internal systems after a hacker using the ShinyHunters handle claimed a breach on BreachForums (Lawrence Abrams/BleepingComputer)

    April 19, 2026

    Today’s NYT Strands Hints, Answer and Help for April 20 #778

    April 19, 2026

    KV Cache Is Eating Your VRAM. Here’s How Google Fixed It With TurboQuant.

    April 19, 2026
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    About Us
    About Us

    Welcome to Times Featured, an AI-driven entrepreneurship growth engine that is transforming the future of work, bridging the digital divide and encouraging younger community inclusion in the 4th Industrial Revolution, and nurturing new market leaders.

    Empowering the growth of profiles, leaders, entrepreneurs businesses, and startups on international landscape.

    Asia-Middle East-Europe-North America-Australia-Africa

    Facebook LinkedIn WhatsApp
    Featured Picks

    UK AI drug safety startup Sable Bio raises €3.15 million; plans to grow its London team

    February 11, 2026

    How AI Will Change Chip Design

    May 26, 2025

    Estimating Product-Level Price Elasticities Using Hierarchical Bayesian

    May 24, 2025
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    Copyright © 2024 Timesfeatured.com IP Limited. All Rights.
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.