Published

Bingo Association unhappy with Budget

The

Bingo
Bingo Association fear that their industry has been “ignored” by today’s Budget.

Chief executive Miles Baron says the bingo sector is concerned that it will “not benefit” from the measures announced by Chancellor George Osborne this afternoon.

A statement released by the trade association criticises the current “inequitable” tax regime that sees bingo firms pay a 20% gross profits tax while those in other forms of gambling, including online bingo, only pay 15%.

The organisation are calling for a tax reduction in order to “stimulate growth”, quoting data from accountancy firm Ernst & Young which states that a tax decrease to 15% would increase government revenues by £35m over a four-year period, something the Association say would fit in with the Government’s growth agenda in a “direct and immediate” way.

“This tax burden is stifling the growth of our industry, remaining the single biggest constraint on the financial viability of bingo clubs, restricting investment and being a significant contributor to the closure of an average of one club per month,” said Baron.

“The Government should be more willing to lower taxes when there is direct evidence that it will stimulate growth.”

“The Culture, Media and Sport Select Committee recently recommended that bingo tax be reduced, and The Bingo Association is disappointed that the Government has failed to act on this yet again.”
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...