Entain Expects £25m Annual Cost from Gambling Tax Hike
The UK government will raise MGD to 25% from 20%. Entain said the change will cost it an additional £25m per year.
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04:47:07 PM UTC
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Entain PLC LSE:ENT
In his first Autumn Budget, Chancellor John Healey said the government will increase the MGD to 25% from 20%. Shares in gambling stocks rallied on the news, however, as there had been fears the duty could be doubled to 40%.Entain, which owns Ladbrokes and Coral, among others, said it was "disappoin…