View from the City: Budget to bring more pain for operators

Bertie Berger from Hudson Sandler analyses the latest movements in the market including the impact of the looming rise in remote gaming duty

The Budget will be announced this afternon, but, the industry is already feeling its effect. On 22 October, hints that the Chancellor could increase Remote Gaming Duty (RGD) to 20% or even 25% sent the share prices of most operators and providers tumbling. According to a government insider speaking to the Financial Times, the increase…

City | Finance