Home World USA Latin America Europe Asia Africa TV Shows Showbiz Travel Lifestyle Opinion Science Politics Health Sports Tech Entertainment Business
Business October 19, 2025

Major bookmaker warns it could close all 1,300 UK shops if Rachel Reeves increases gambling taxes 

Major bookmaker warns it could close all 1,300 UK shops if Rachel Reeves increases gambling taxes 

A MAJOR bookmaker has warned it could close all of its shops if Rachel Reeves increases gambling taxes in the Budget. Betfred said its 1,300 betting shops could be forced to close, leading to almost 7,000 job losses. The chancellor is considering increasing duties on sports betting from 15 to 30%, and on machine and...

Share this article

UMVA MAG

UMVA Mag is your trusted source for breaking news, in-depth analysis, and compelling stories from around the world. Covering politics, business, technology, entertainment, sports, health, science, and more — we deliver journalism that matters.

Independent, Accurate, Unbiased
24/7 Breaking News Coverage
Trusted by Millions Worldwide