In our initiation report on UK Gambling on 11 December 2017, we referenced likely volatility in share prices as a result of the uncertainty surrounding B2 staking levels. UK media, citing the Chancellor is in favour of a £2 stake on B2 (FOBT) machines, and that the Treasury is close to a deal with the Department of Culture, Media and Sport (DCMS) and is seeking tax neutrality. This likely implies increasing online betting duties (POC tax) to c. 18% on GGR from 15% in order to mitigate t
25 Apr 2018
FOBT regulation bites
Entain PLC (ENT:LON), 834 | Flutter Entertainment Plc (FLTR:LON), 14,805 | Playtech plc (PTEC:LON), 444
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FOBT regulation bites
Entain PLC (ENT:LON), 834 | Flutter Entertainment Plc (FLTR:LON), 14,805 | Playtech plc (PTEC:LON), 444
- Published:
25 Apr 2018 -
Author:
Mark Henderson -
Pages:
9
In our initiation report on UK Gambling on 11 December 2017, we referenced likely volatility in share prices as a result of the uncertainty surrounding B2 staking levels. UK media, citing the Chancellor is in favour of a £2 stake on B2 (FOBT) machines, and that the Treasury is close to a deal with the Department of Culture, Media and Sport (DCMS) and is seeking tax neutrality. This likely implies increasing online betting duties (POC tax) to c. 18% on GGR from 15% in order to mitigate t