Paddy Power's owner predicts 40% profit surge amid calls for gambling tax hike - The Mirror

Paddy Power's owner predicts 40% profit surge amid calls for gambling tax hike - The Mirror

Calls are growing for Labour to target the "massively under-taxed" betting sector as Paddy Power, one of the industry's biggest players, revealed bumper results

Gambling firms lose £4bn in market value amid fears of Reeves-led tax hike – Your Capital Minds

The UK’s largest gambling companies have lost more than £4 billion in market value amid mounting fears that Chancellor Rachel Reeves will target the sector with higher taxes in her autumn Budget. Flutter Entertainment, the owner of Paddy Power, Entain, which operates Ladbrokes and Coral, and William Hill’s parent company Evoke all saw steep share price declines on Friday following reports that a tax rise on the industry is “near-guaranteed”. The…

Gambling firms lose £4bn in market value amid fears of Reeves-led tax hike

The UK’s largest gambling companies have lost more than £4 billion in market value amid mounting fears that Chancellor Rachel Reeves will target the sector with higher taxes in her autumn Budget. Flutter Entertainment, the owner of Paddy Power, Entain, which operates Ladbrokes and Coral, and William Hill’s parent company Evoke all saw steep share price declines on Friday following reports that a tax rise on the industry is “near-guaranteed”. The…

Paddy Power's owner predicts 40% profit surge amid calls for gambling tax hike

Calls are growing for Labour to target the “massively under-taxed” betting sector as Paddy Power, one of the industry’s biggest players, revealed bumper results The owner of Paddy Power has hiked an expected profit haul – days after Gordon Brown called for new taxes on gambling giants to tackle a child poverty crisis. Industry giant Flutter is world’s largest online sports betting company with the stock market value of £30billion. It also owns B…