Gaming industry concerned as freeze on Gaming Duty Bands threatens to increase taxes by £5m annually for UK casino members. The Treasury’s decision to not adjust for inflation has sparked calls for a reevaluation from the BGC. CEO Michael Dugher warns that the freeze is a “stealth tax” that could hinder recovery and future growth. The freeze is projected to cost casinos £25m over the next five years. BGC members contribute £7.1 billion to the economy and support 110,000 jobs. The BGC urges the government to reconsider, highlighting the missed opportunity for job creation and investments. They also stress the importance of preventing customers from turning to the unregulated gambling black market, which has seen a significant increase in recent years.
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