UK betting firms' tumble as gambling duties set to rise
Shares of UK-based betting firms fall after Britain's Office for Budget Responsibility says finance minister Rachel Reeves is set to increase duties on gambling firms
OBR says from April 2026, remote gaming duty will increase to 40% from 21%; 10% bingo duty to be abolished
From April 2027, new rate of general betting duty for remote betting will be introduced at 25%, OBR says
General betting duty excludes self-service betting terminals, spread betting, pool bets and horse racing
Shares in Evoke EVOK.L down 19%, earlier hit lowest since 2011
Shares in Entain ENT.L down 2.6% and London-listed shares of Flutter Entertainment FLTRF.L down 2.3%
Shares in Rank Group RNK.L and Winvia Entertainment WVIA.L down 1.1% and 1.3%, respectively
Playtech PTEC.L and Gaming Realms GMRG.L down between 0.6% and 1%
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