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Evening Standard
Evening Standard
Business
Jonathan Prynn

Gambling giants warn of £700 million hit from Chancellor's betting duty hikes

The owners of Britain’s biggest bookies including Ladbrokes, Coral, William Hill and Paddy Power today warned increased gaming duties announced in the Budget will cost them more than £700 million in total.

Three gambling giants Entain, Evoke and Flutter, said they were “deeply disappointed” by the Chancellor’s announcement and said they would encourage black market operators who “don't pay tax and don't invest in safer gambling.”

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