Ladbrokes owner Entain says gambling tax hikes will shrink regulated market

The owner of betting shops Ladbrokes and Coral has said gambling tax increases will damage the industry (David Parry Media Assignments/PA) - (PA Wire)

The owner of betting shops Ladbrokes and Coral has said gambling tax increases will damage the industry and “open the door” to black market operators, as it revealed a £488 million charge related to the upcoming duty changes.

Entain said it was able to weather the cost rises but other smaller players may disappear from the market as a result.