"The UK government's decision to dramatically increase taxes on the gambling sector was extremely disappointing. It opens the door to the illegal black market who pay no tax, do not have a license, and have no player protections."
"This is the first time I have spoken publicly since the UK Budget back in November. The UK government's decision to dramatically increase taxes on the gambling sector was extremely disappointing."
"During this period of turmoil, we will invest wisely in the UK and we will see potential to gain ground as the market adjusts to the new tax environment."
Entain, parent company of Ladbrokes, reported a £681 million statutory loss for 2025, primarily due to a £488 million impairment resulting from UK gambling tax increases. Chancellor Rachel Reeves announced a rise in remote gaming duty from 21% to 40% effective April 2026, and introduced a new 25% general betting duty for online gambling from April 2027. CEO Stella David expressed strong concerns that higher taxation could inadvertently drive customers toward unlicensed operators operating outside regulatory oversight, strengthening the illegal black market. Despite the financial impact, Entain maintains commitment to UK investment and believes opportunities exist as the market adjusts to the new tax environment.
#uk-gambling-taxation #remote-gaming-duty #unregulated-markets #entain-financial-impact #regulatory-policy
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