Gaming Strategy
Featured Stories
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
Search Our Archive of Gaming Articles 

Britain's Bookies Hit With Fees

23 March 2006

UNITED KINGDOM – As reported by the UK Independent: "Britain's bookmakers took a blow when the Chancellor imposed licence fees on their betting machines, a move that will cost the industry tens of millions of pounds, and increased the tax on one-armed bandits at arcades and clubs.

"From 1 August, bookies will have to pay an annual licence duty of £1,965 per machine on electronic fixed-odds betting terminals (FOBTs), on top of VAT. There are about 20,000 machines across the UK.

"…[A spokesman for Ladbrokes] said the company would be hit by £3m this year and £11m next. William Hill said the impact on its figures would be slightly higher as it has 7,500 machines.

"…The increase on clubs' jackpot machines will hurt non-profit making sports clubs which are heavily reliant on the money…"

< Gaming News