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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.

By |2020-05-26T16:27:50+01:00May 26th, 2020|Uncategorised|Comments Off on UK gambling duty tops GB£ 3 billion

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.

By |2020-05-22T10:17:47+01:00May 22nd, 2020|Uncategorised|Comments Off on Bookies’ VAT refund: spend it quickly

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.

By |2020-05-19T13:29:07+01:00May 19th, 2020|Uncategorised|Comments Off on Colorado Belle Closes in Nevada

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.

By |2020-05-04T15:58:20+01:00May 4th, 2020|Uncategorised|Comments Off on The re-opening of gambling venues

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.

By |2020-05-04T15:13:27+01:00May 4th, 2020|Uncategorised|Comments Off on High Street requires new rent model

HMRC FOBT VAT appeal dismissed

The Upper Tribunal has dismissed HMRC’s appeal relating to the VAT treatment of fixed odds betting terminals (FOBTs) and could lead to VAT refunds for the UK’s bookmakers.

By |2020-04-16T12:24:19+01:00April 16th, 2020|Uncategorised|Comments Off on HMRC FOBT VAT appeal dismissed

Betting does its bit

The betting shops might be closed and the sporting calendar lies bare but betting firms have been doing their bit in the efforts to combat the pandemic.

By |2020-04-13T13:33:29+01:00April 13th, 2020|Uncategorised|Comments Off on Betting does its bit

60% of global gambling restricted by virus

Gambling activities account for 60% of global gambling revenues have been subject to restriction or shutdown since the start of 2020, as part of measures to halt the spread of the COVID-19 virus.

By |2020-05-04T15:54:24+01:00April 9th, 2020|Uncategorised|Comments Off on 60% of global gambling restricted by virus