BGC: Thousands of Casino Jobs at Risk as Tax Hike Threatens Venues Across Britain

Thousands of casino workers face losing their jobs and venues across Britain could close for good if the Chancellor presses ahead with a fresh tax raid, the Betting and Gaming Council has warned.

Raising Machine Games Duty to 40% would pose an existential threat to Britain’s casinos, putting up to 3800 jobs at risk and forcing some operators to consider closing as much as a third of their estates.

And it is communities outside London that would be hardest hit.

Half of all threatened closures would be in the North of England and Scotland, putting around 1900 jobs at risk. A further 20% would be in the Midlands, while just 10% would be in London.

The closures would hit local economies and destroy valuable jobs, including opportunities for young people starting their careers, women, part-time workers and those building long-term careers in hospitality and leisure.

Britain’s casinos directly employ more than 10,000 people and support a further 3700 jobs. They welcome 14 million customer visits a year, contribute £515 million in taxes and generate £815 million for the economy.

The industry has also warned that more than £50 million of planned investment could be cancelled or scaled back if taxes rise again.

Grainne Hurst, Chief Executive of the Betting and Gaming Council, said: “This is an existential threat to casinos across Britain. We are talking about thousands of hardworking people losing their livelihoods and venues that have served their communities for decades closing their doors for good.

“These are good jobs, offering young people a first step on the career ladder, flexible work and the chance to build a career. And it is towns and cities across the North, Scotland and the Midlands that will pay the heaviest price.

“Let’s not pretend these casinos will simply be replaced by new businesses. Many former casino sites already stand empty, a stark reminder of what happens when these venues close. Once those doors shut, the jobs, investment and opportunities they provide can be lost for good.

“You cannot tax a casino that has closed. The Chancellor must not gamble with thousands of British jobs and the future of an entire industry.”