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UK Casino Poker Tax Hike Criticised

Tax Increase From 15 Percent to 50 Percent Dismays Major Player

by Brendan Murray  |  Published: Apr 26, 2009

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GUKPT threatened by live poker tax hike in UKThe British government’s decision to increase tax on poker profits made by UK casinos from 15 percent to 50 percent has dismayed Rank, owner of the Grosvenor brand which hosts the Grosvenor UK Poker Tour, according to a report on thisismoney.com yesterday.

Rank has written to the government saying the move "may result in the closure of card rooms and that as a consequence, demand for games of poker will be satisfied in unregulated, unsupervised and untaxed premises".

The report says Rank-owned poker rooms have 250,000 regular poker players and the company expects to lose £2.7 million per year if the new tax hike is implemented.

 

 
 
Tags: europe
 
 
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