Betfred founder warns higher taxes could end betting shops by 2030
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Betfred founder Fred Done has warned that further tax increases on gambling could lead to widespread betting shop closures, job losses, and a further decline of the UK high street. Speaking to the Financial Times over the weekend, the 83-year-old businessman said a potential doubling of Machine Gam…
Betfred founder Fred Done has warned that further tax increases on gambling could lead to widespread betting shop closures, job losses, and a further decline of the UK high street. Speaking to the Financial Times over the weekend, the 83-year-old businessman said a potential doubling of Machine Gaming Duty (MGD) from 20% to 40% could force Betfred to close 495 shops within a year. Betfred currently...