UK gambling operator share prices surge after escaping tax hike
Regulation · 2024-10-31
UK gambling operator share prices surge after escaping tax hike
Share prices of listed UK gambling operators rebounded [Wednesday] after the industry escaped the rumored dramatic tax hike in the Autumn Budget 2024.
Entain, evoke plc, Rank Group and Flutter Entertainment all saw their share prices return to close to their pre-11 October levels.
Major UK gambling businesses saw over £2bn of value wiped away earlier in the month after The Guardian’s Rob Davies reported the UK Government was planning a multi-billion pound tax raid on the industry.
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