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Machine games duty hike is “painful loss” for UK bookmakers

20th March 2014 9:14 am GMT

The increase in Machine Games Duty on fixed-odds betting terminals (FOBTs) offering the highest stakes has been described as a “painful loss” for UK high street bookmakers, with shares in Ladbrokes and William Hill continuing to drop in London this morning.

The new rate of 25 per cent, up from 20 per cent, was revealed yesterday as the UK government announced its 2014 budget, leading to shares in UK bookmakers William Hill [...]

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