UK to Reform Gambling Duties, to Raise £1.1 billion: OBR (1)

UK announces changes to gambling duties which overall are estimated to raise £1.1 billion by 2029-30, according to a copy of the OBR report released.

• Shares of Evoke, owner of the William Hill betting business, fall as much as 17%, hitting the lowest level since 2011
  • Ladbrokes and Coral owner Entain drops as much as 6.3%
  • Flutter, owner of Paddy Power, falls 2.1%

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Olivia Tam in London at htam36@bloomberg.net;
Paul Jarvis in London at pjarvis@bloomberg.net

To contact the editors responsible for this story:
Sachin Ravikumar at sravikumar6@bloomberg.net

Charles Capel

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