Bingo Halls at Risk from Gambling Tax | Leicester News

Bingo halls and casinos across the UK could face shuttering if a proposed gambling tax hike goes ahead—Rank Group warns it could cost them £460 million, forcing closures that would devastate local communities. While bingo halls recently got a tax break, the new focus on slot machines threatens to reverse gains, with Rank Group arguing higher taxes could actually shrink overall revenue. CEO Richard Harris fears beloved venues will vanish, hurting customers and neighborhoods. Though gaming revenue rose 5% last year and new machines are boosting turnover, profits dipped and global events like the Middle East conflict added pressure. The company is also downsizing its Mecca Bingo estate to stay competitive—but even their digital push may not save them from this looming financial storm. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ec39f745aaf10a79