
SCCG Take — Operators must prepare for estate rationalisation in regional markets. Policymakers risk permanent losses in jobs and output that exceed any added duty revenue once venues close.
A proposed rise in Machine Games Duty to 40 per cent poses an existential threat to Britain’s casinos, with up to 3,800 jobs at risk and operators forced to consider closing as much as a third of their estates. Communities outside London would be hardest hit, according to reporting by G3 Newswire.
Half of all threatened closures would be in the North of England and Scotland, putting around 1,900 jobs at risk. A further 20 per cent would be in the Midlands, while just 10 per cent would be in London. The closures would hit local economies and destroy valuable jobs, including opportunities for young people starting their careers, women, part-time workers and those building long-term careers in hospitality and leisure.
Britain’s casinos directly employ more than 10,000 people and support a further 3,700 jobs. They welcome 14 million customer visits a year, contribute £515m in taxes and generate £815m for the economy. The industry has also warned that more than £50m of planned investment could be cancelled or scaled back if taxes rise again.
Grainne Hurst, Chief Executive of the Betting and Gaming Council, said: “This is an existential threat to casinos across Britain. We are talking about thousands of hardworking people losing their livelihoods and venues that have served their communities for decades closing their doors for good.”
Hurst added: “These are good jobs, offering young people a first step on the career ladder, flexible work and the chance to build a career. And it is towns and cities across the North, Scotland and the Midlands that will pay the heaviest price.”
She continued: “Let’s not pretend these casinos will simply be replaced by new businesses. Many former casino sites already stand empty, a stark reminder of what happens when these venues close. Once those doors shut, the jobs, investment and opportunities they provide can be lost for good. You cannot tax a casino that has closed. The Chancellor must not gamble with thousands of British jobs and the future of an entire industry.”
The scale of potential job losses and venue closures requires operators to model estate reductions now while the Treasury evaluates whether the duty increase delivers net revenue or simply contracts an industry that already delivers substantial tax and economic value.
Reporting: G3 Newswire
Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.
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