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Proactive Investors
22 days ago
Entain, Evoke and Flutter warn of jobs cuts and illegal gambling due to Budget tax hike
Bookmakers Entain PLC (LSE:ENT), Evoke PLC (LSE:EVOK) and Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) have warned investors of "highly damaging" consequences from the new UK gambling tax measures in yesterday's Budget, which are set to come into force from next April. Under changes announced in the autumn Budget, online gaming duty will rise to 40% from April 2026, and a new 25% remote betting duty will apply to online sports betting, excluding horse-racing, from April 2027.