IN BRIEF: Casino firm Rank counts GBP9 million annual hit of UK budget
29th Oct 2026 12:59
Rank Group PLC - Maidenhead, England-based gambling operator, whose brands include Grosvenor casinos and Mecca bingo - Rank expects an additional annual cost of around GBP9 million following the UK government's decision in Wednesday's budget to increase machine games duty to 25% from 20%, effective April 1, 2027. Rank estimates the change will increase duty costs by about GBP2 million in its financial year ending June 30, 2027, before any mitigating measures. Read More