Gambling firms hit the jackpot after Government review
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Gambling firms let out a huge sigh of relief after the Government released a long-awaited white paper.
The review, delayed for over two years, included plans for a 1 per cent levy on revenues, new online slot machine limits and the loosening of restrictions for casinos and bingos.
The changes, less drastic than the industry once feared, focused on extreme gamblers rather than blanket rules that crack down on punters who enjoy the occasional bet.
All in: Daniel Craig as James Bond in Casino Royal. Gambling firms. A long-awaited white paper on the Gambling industry has brought in less drastic changes than feared
Shares in Grosvenor casino owner Rank Group jumped 10.3 per cent but Ladbrokes owner Entain and Paddy Power's Flutter were down.
Analysts at Numis reckon Rank, 슬롯사이트추천 which also owns Mecca Bingo, would be the ‘clear winner', if casinos are allowed to have 80 gambling machines, up from 20 - something operators have long wanted.
Despite a suggestion that online slot machine stakes be capped between £2 and £15, analysts at Goodbody said the plans were ‘largely positive'.
The Betting and Gaming Council, representing 90 per cent of licensed betting and gaming firms, praised the plans.
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The review, delayed for over two years, included plans for a 1 per cent levy on revenues, new online slot machine limits and the loosening of restrictions for casinos and bingos.
The changes, less drastic than the industry once feared, focused on extreme gamblers rather than blanket rules that crack down on punters who enjoy the occasional bet.
All in: Daniel Craig as James Bond in Casino Royal. Gambling firms. A long-awaited white paper on the Gambling industry has brought in less drastic changes than feared
Shares in Grosvenor casino owner Rank Group jumped 10.3 per cent but Ladbrokes owner Entain and Paddy Power's Flutter were down.
Analysts at Numis reckon Rank, 슬롯사이트추천 which also owns Mecca Bingo, would be the ‘clear winner', if casinos are allowed to have 80 gambling machines, up from 20 - something operators have long wanted.
Despite a suggestion that online slot machine stakes be capped between £2 and £15, analysts at Goodbody said the plans were ‘largely positive'.
The Betting and Gaming Council, representing 90 per cent of licensed betting and gaming firms, praised the plans.
RELATED ARTICLES
Previous
1
Next
Amazon soars after £102bn sales bonanza: Online giant... Setback for CBI chief as top female LSE exec voices fears... Furious row as Microsoft blasts Britain over decision to... Brad jumps in the deep end: Microsoft boss's hissy fit over...
Share this article
Share
HOW THIS IS MONEY CAN HELP
How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account
DIY INVESTING PLATFORMS
Stocks & shares Isa
Stocks & shares Isa
Easy investing
Capital at risk. Isa rules & T&Cs apply.
Investment ideas
Free fund dealing
Free fund dealing
0.45% account fee capped for shares
Flat-fee investing
No fees
£9.99 monthly fee
One free £5.99 trade per month
Social investing
Social investing
Share investing
30+ million global community
Model portfolios
Investment account
Free fund dealing
Free financial coaching
Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence.
> Compare the best investing platform for you
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