UK lottery duty offsets machine losses
A record contribution in lottery duty in 2019 helped to offset declines in Machines Games Duty and push total UK gambling duty past GB£ 3 billion.
UK gambling duty tops GB£ 3 billion
Gambling duty paid by UK operators surpassed GB£ 3 billion in 2019, a new record amount for the sector. The enforced shutdown of retail gambling in 2020 because of the COVID-19 pandemic mean that it could mark a peak for the near future.
Bookies’ VAT refund: spend it quickly
The UK’s bookmakers have been successful in their case against HMRC over the VAT treatment of FOBTs, as first reported by GBGC last month. Now HMRC has decided not to appeal, the listed firms are revealing their estimated winnings.
Colorado Belle Closes in Nevada
The Colorado Belle Casino and Resort, Nevada, is closing indefinitely, with the loss of 400 workers. The Colorado Belle has been closed since mid-March, in line with Nevada’s efforts to tackle COVID-19.
Virus forces Silver into administration
Casino operator Silver Heritage Group has entered voluntary administration, with the impact of the pandemic proving the final straw for the company.
Asia demonstrates virus impact
Gambling and travel data from various Asian jurisdictions highlight the catastrophic impact of COVID-19 and the measures taken to tackle it.
The re-opening of gambling venues
An independent bookmaker told me last week that the UK government was paying his staff 80% of their salary and he had claimed a further £25,000 per closed shop. The business, prior to shutdown, had become so difficult to run: numerous regulatory issues, limits on stakes and prizes, and a rise in tax. With time to reflect during the lockdown, he has decided not to re-open. That is a sad state of affairs for the UK betting sector.
High Street requires new rent model
The economic damage caused to the high street by the current lockdown is causing tenants to put a new proposal to their landlords: let us pay by rent according to our turnover or take back the keys to the property.