Connect with us

Latest News

New Report Highlights Potential Impact of Increased Tax and Regulation on UK Betting and Gaming Market

Published

on

Reading Time: 2 minutes

European countries with higher tax and regulation of their betting and gaming markets are more likely to see increased black market activity, according to a report produced by PwC and published by the BGC.

The study, Impact of the taxation and regulatory environment on European online betting and gaming markets, draws clear links between restrictive policy regimes across Europe and black-market growth.

Countries such as France (57% black market), Sweden (35%) and the Netherlands (37%) have seen large proportions of their gambling markets move offshore.

By contrast, Spain and Denmark, where tax rates are moderate and licensing systems open, maintain higher levels of onshore participation – with only around 11% of gambling taking place outside the regulated sector.

The report reveals that around 5% of all online betting and gaming in the UK now takes place on unlicensed black-market websites. This is equivalent to hundreds of millions of pounds in untaxed, unregulated activity and marks a sharp rise from a previous estimate in 2021, when the black market was thought to account for only 3.3% of total spend.

The report concludes that higher effective tax rates and tighter rules consistently lead to smaller regulated markets, while jurisdictions that liberalise and maintain balanced taxation enjoy stronger growth.

The findings also challenge the assumption that higher gambling duties increase public revenues. Between 2019 and 2024, countries with tax rates below 25% of gross gaming revenue saw annual growth in tax receipts of 13%, compared to 9% in higher-tax jurisdictions.

Operators facing steeper duties typically cut back on marketing and promotions, the analysis found, making licensed platforms less competitive.

The report shows how operators respond to higher regulatory and tax environments by adjusting gross win pricing, reducing bonuses and reducing spending. This makes the player proposition less attractive.

The findings come as the Treasury prepares its Autumn Budget and reportedly considers potential changes to remote betting and gaming duties.

While Britain remains among the world’s safest and most highly regulated gambling markets, the report demonstrates the potential impact of increasing taxes.

Grainne Hurst, CEO of the Betting and Gaming Council, said: “Britain has one of the safest gambling markets in Europe but if the Treasury isn’t careful, we could quickly end up like France or Sweden, with huge black markets contributing nothing in tax, offering zero player protection, and providing no funding for sport or the economy.

“Well-balanced regulation and fair taxes protect players, raise more revenue for the Treasury, and support thousands of jobs. Unlicensed operators do none of those things.”

The post New Report Highlights Potential Impact of Increased Tax and Regulation on UK Betting and Gaming Market appeared first on European Gaming Industry News.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Continue Reading
Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Latest News

Winaday Casino & CryptoSlots Unveil Harvest of Riches, a Thanksgiving-Themed Slot with Bountiful Bonuses

Published

on

Reading Time: < 1 minute

The spirit of American Thanksgiving arrives early at Winaday Casino and CryptoSlots  with the launch of the festive new slot, Harvest of Riches. To celebrate the season of plenty, both casinos are offering a cornucopia of match deposit bonuses, including a top-tier 188% match offer, giving players a bountiful bankroll to explore this charming autumn-themed game. The promotional feasts are available until November 23, 2025.

Harvest of Riches immerses players in a cozy, rustic countryside scene complete with a red wooden barn, falling leaves, and warm seasonal lighting. This cheerful 5-reel, 10-payline slot is filled with vibrant, cartoonish symbols of the harvest, including pumpkins, corn cobs, and a buffalo sporting an American flag scarf. The prized turkey symbol offers the grandest reward, paying up to 1,500x for a line of five.

Wild symbols appear on reels 2 and 4, and landing three or more Thanksgiving scatter symbols triggers the Free Spins bonus. Players receive 5 to 15 free spins where wilds become sticky and expand, with more free spins available by landing additional scatters.

NEW GAME BONUSES

WINADAY CASINO

100-188% New Game Bonanza Bonus Valid on Harvest of Riches
* 188% for Platinum VIP’s, 166% for Gold, 133% for Silver, 122% for Bronze, 100% for all
* On deposits $25-150
* Redeem: 2x per day, Wager Req: 28x
* Bonus Code:
 NEWGAME

Available November 13-23, 2025

$15 FREE Bonus ($50 for VIP’s) + 111-188% Match for VIPs
Available November 20-30 2025

CRYPTOSLOTS

$144 Match on Harvest of Riches
* On deposits $200 – $400, $45 on deposits $75-199
* Redeem: 4x per day, Wager Req: 31x
* Bonus Code:
 NEWGAME

123% VIP Match on Harvest of Riches
* On deposits $150-300, 100% on $50-149
* Redeem: 2x per day, Wager Req: 36x
* Bonus Code: see the promo page

The post Winaday Casino & CryptoSlots Unveil Harvest of Riches, a Thanksgiving-Themed Slot with Bountiful Bonuses appeared first on European Gaming Industry News.

Continue Reading

Latest News

Rub the Lamp and Conjure Up Big Wins in Golden Paw Hold & Win

Published

on

Reading Time: < 1 minute

Popular iGaming content provider BGaming summons a mystical cat-genie to help players’ wishes come true in the brand-new Golden Paw Hold & Win slot.

Golden Paw Hold & Win provides a fresh perspective on the classic Hold and Win gameplay mechanic. The game boasts 1,024 ways to win on every spin, with a variety of five exciting progressive bonus rounds, expanding reels, and a mesmerising leading character.

BGaming has utilised the same visual style from successful hits like Alice WonderLuck, drawing players in with vibrant colours and a larger-than-life character. This striking visual design ensures the action remains engaging on every spin. The central character in the game is an enchanting cat genie, who transforms from tiny to mighty during the game’s Hold and Win bonus.

This is not the only captivating feature in the Hold and Win round, with every coin collected triggering the reels to expand and boosting the player’s winning potential. Players can get their hands on a maximum win of x2,000, with the slot serving up an impressive RTP of 97%.

Julia Alekseeva, CPO at BGaming, said, “Character-driven slots are always a huge hit with our operating partners and players, and Golden Paw Hold & Win is one of our most magical offerings to date. The design team has brought our concept to life with stunning visuals and a unique main character that we know will be a big hit. 

Hold and Win is a proven, easily readable mechanic for classic players, and improving it with a dynamically expanding board is an unexpected twist that matches the genie’s antics.” 

The post Rub the Lamp and Conjure Up Big Wins in Golden Paw Hold & Win appeared first on European Gaming Industry News.

Continue Reading

Latest News

QTech Games recruits Joel Anyaegbu to spearhead West Africa sales

Published

on

Reading Time: 2 minutes

QTech Games, the leading game aggregator for all emerging markets, has appointed Joel Anyaegbu to the position of Sales & Account Manager for West Africa, as it strengthens its ongoing push to generate new revenue streams across Africa’s evolving landscape.

Anyaegbu joins the QTech Games team, having successfully spent the past two years overseeing commercial development and international growth in the same West Africa region at SIS (Sports Information Services) as Commercial Manager. There, he helped to promote SIS’s diverse content offering across racing, esports and numbers draws to new audiences and younger demographics. 

Other formative roles in the igaming ecosystem, notably at Betbonanza and Winners Golden Bet, have equipped Anyaegbu with a breadth of experience across the territory which he will now bring to bear at QTech, alongside fellow sales hires for the region is Ekaterina Mayorova and Agatha Wanjugu (East Africa). More broadly, the Nigerian holds an MSc in Marketing, and leverages over seven years in the igaming, telecommunications and fintech fields.

QTech Games CEO, Philip Doftvik, said: “Joel joins our sales ranks at an exciting time, as we bid to double down on our wider African gains in the West. His network and knowledge in local players will play a key role, while his track record across a host of business-development roles has already demonstrated his sales nous and strategic thinking. 

“This proven commercial acumen in West Africa will be a true asset to our growing Africa team. So, we’re thrilled to already have him onboarded and off to a quick start.”

Joel Anyaegbu added: “QTech Games is a company I’ve long admired, and I’m truly excited about the innovations they continue to bring to the igaming industry, such as their breakthrough QTech Hybrid software service, which is seamlessly joining up the African retail domain with online.

“I’m particularly inspired by how QTech simplifies access to high-quality gaming content, integrating through one single and seamless API. It’s a smart and powerful solution that truly sets us apart. I look forward to connecting with clients and partners across the region to share how QTech’s aggregation platform can help elevate their offerings and unlock new opportunities in the gaming space.”

The post QTech Games recruits Joel Anyaegbu to spearhead West Africa sales appeared first on European Gaming Industry News.

Continue Reading

Trending

EEGaming.org is part of HIPTHER, parent brand of various prominent news outlets and international conferences. These platforms and events span a wide range of industries, including Entertainment, Technology, Gaming and Gambling, Blockchain, Artificial Intelligence, Fintech, Quantum Technology, Legal Cannabis, Health and Lifestyle, VR/AR, eSports, and several others. This indicates that EEGaming.org is part of a larger network that focuses on a diverse array of sectors, particularly those related to cutting-edge technology and modern lifestyle trends.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2025 HIPTHER. All Rights Reserved. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.