UK betting group members urge chancellor to reconsider proposed MGD rise
The request concerns tax rates affecting betting shops and other businesses with category B machines.
6 entries from 2026-09-28 to 2026-10-15. Open in the feed
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6
entries tracked3
01 Deals & M&A2
04 Regulation1
05 Enforcement & complianceEntain, Flutter, bet365, Bally's Corporation, evoke, Betting and Gaming Council
GBP 825,000
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Activity summary: Betfred appears in 6 entries across 1 market (mainly UK). By desk: Deals & M&A 3, Regulation 2, Enforcement & compliance 1. Computed from our records only.
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The request concerns tax rates affecting betting shops and other businesses with category B machines.
Betfred’s £995.6m annual turnover gives investors financial context following its warning about retail betting’s future.
Retail supplied £544m of Betfred’s £995.6m turnover despite a declining shop estate, highlighting its contribution for investors.
The 4% reduction in betting shops reduces Betfred's retail footprint as it incorporates UK tax increases into forecasts.
Done Brothers faces an independent compliance audit alongside its penalty and warning for safer gambling and anti-money laundering breaches.
The proposed 40% rate could expose betting shop operators to closures and job losses, according to the modelling cited by the BGC.