From Dailymail · · 1m 20s
Gambling tax hike threatens 16,000 jobs as Ladbrokes cuts 400
Government considers doubling slot machine tax while betting firms slash thousands of jobs after last year's tax raid.
In brief
Government considers doubling slot machine tax while betting firms slash thousands of jobs after last year's tax raid. A proposed doubling of slot machine tax could cost 16,000 jobs on top of 4,500 already cut since Labour's last gambling tax increase. Originally reported by Dailymail.
Ladbrokes cuts 400 more jobs
Entain, owner of Ladbrokes and Coral, is slashing 400 customer care jobs to stay competitive after tax increases.
Government eyes slot machine tax hike
Prime Minister Andy Burnham and Chancellor John Healey are considering doubling machine gaming duty to 40 percent in next month's Budget.
Burnham targets betting shops
Burnham lumped betting shops with vape shops and dodgy businesses linked to organized crime in his plan to save Britain's high streets.
Industry warns of massive job losses
Gambling bosses say the tax increase could cost nearly 16,000 jobs across bingo halls, bookies, and slot machine venues.
Sector reeling from previous tax raid
Rachel Reeves already hiked remote gaming duty to 40 percent and online sports betting tax to 25 percent last year.
Over 4,500 jobs already gone
Bet365 cut 300 jobs in Stoke-on-Trent days earlier, adding to more than 4,500 cuts across the industry since Labour's Budget.
Here's the gist
A proposed doubling of slot machine tax could cost 16,000 jobs on top of 4,500 already cut since Labour's last gambling tax increase.
