""The only way you can make it work is to have a microwave and staff who can open a packet and put it on a plate. That's not the reason we entered this industry" - Nick Evans, co-owner of the Old Crown Coaching Inn."
"Gambling operators diversified their portfolios over two decades ago to align with changing tastes, exemplified by Paddy Power's evolution from local betting shops to a global online presence."
Stable businesses thrive in unstable times by adapting to market changes. The UK recently increased the Remote Gaming Duty from 21% to 40% to reflect the growth in online casino gaming. Gambling operators, like Paddy Power, have diversified their offerings over the years to meet changing consumer preferences. The hospitality sector also faces challenges with rising business rates and minimum wage increases, prompting owners like Nick Evans to rethink their operational strategies to survive.
Read at Business Matters
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