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CONSUMER CYCLICALS: UK Gaming Levy's

CONSUMER CYCLICALS
USCredit BulletsHomepagemarkets-real-timeBulletNorth America

Changesdon't look significant;

  • "Under the current voluntary system not all gambling companies contribute equally, with some operators paying as little as £1 a year towards research, prevention and treatment. The new mandatory levy will ensure all operators contribute a fair share."
  • "The levy will be charged at a set rate for all holders of a given Gambling Commission licence, ranging from 1.1% to 0.1% of Gross Gambling Yield (GGY), or equivalent, depending on the sector."
  • Stake limits for online slots of £5/spin for >25yr olds and £2/spin for 18-24yr olds
  • Will be reviewed in ~2030

Flutter was asked about UK tax changes in earnings and didn't give much away outside of pointing out the National Insurance tax increases were immaterial.

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Changesdon't look significant;

  • "Under the current voluntary system not all gambling companies contribute equally, with some operators paying as little as £1 a year towards research, prevention and treatment. The new mandatory levy will ensure all operators contribute a fair share."
  • "The levy will be charged at a set rate for all holders of a given Gambling Commission licence, ranging from 1.1% to 0.1% of Gross Gambling Yield (GGY), or equivalent, depending on the sector."
  • Stake limits for online slots of £5/spin for >25yr olds and £2/spin for 18-24yr olds
  • Will be reviewed in ~2030

Flutter was asked about UK tax changes in earnings and didn't give much away outside of pointing out the National Insurance tax increases were immaterial.