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Entain’s FTSE 100 Exit Exposes the Growing Cost of Britain’s Gambling Taxes
Entain’s proposed FTSE 100 exit highlights how higher gambling duties are squeezing earnings despite strong UK revenue growth.
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Bally’s Intralot takes €34 million UK tax hit despite record online growth
Bally’s Intralot reported €544.2 million in first-half revenue, but higher UK gaming duty cut second-quarter adjusted EBITDA by €34 million.
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GiG Raises €8.5 Million as Weak Results Test 888AFRICA Acquisition
GiG raised €8.5 million for its proposed 888AFRICA acquisition after first-half revenue, profits and cash reserves declined.
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Entain’s FTSE 100 Exit Risk Puts Britain’s Gambling Tax Rise in Focus
Entain could leave the FTSE 100 after its shares fell, intensifying scrutiny of higher UK gambling taxes and its recovery plan.
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MPs Challenge Allwyn UK Chief’s Appointment Over Gambling Industry Record
MPs want the Gambling Commission to examine Phil Walker’s appointment before he takes charge of Allwyn UK and its National Lottery responsibilities.
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Gambling Commission suspends two UK betting licences over suspected compliance failures
The Gambling Commission suspended BresBet and Bet St George licences while reviewing suspected anti-money laundering and social responsibility failures.