Flutter Warns Tax Hikes to Cost $574M
Update: 2025-11-27
Description
Flutter Entertainment, the parent company of Betfair and Paddy Power, faces a significant financial hit due to new tax increases on the gambling industry. The Chancellors plan to double online casino tax and raise general betting duty will cost Flutter an estimated $574 million over two years. Flutters CEO for the UK and Ireland, Kevin Harrington, criticized the tax hikes, believing they will benefit illegal operators and potentially force smaller companies out of the market. Entain, owner of Coral and Ladbrokes, also anticipates a substantial hit of £350 million. The total impact across the UK gambling sector is estimated to be around £750 million.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
