UK Treasury Committee reviews effects of gaming tax hike amid ‘constructive’ discussions with Nigel Feetham
Wednesday 29 de October 2025 / 12:00
⏱ 1 min read
(London).- The UK House of Commons Treasury Select Committee has heard that Gibraltar’s gaming industry is fully regulated and tax compliant. It considered arguments for and against the proposed tax increase on the gambling industry, which is expected to be announced in the UK Budget on 26 November.
MPs first heard evidence highlighting the social and economic costs of gambling addiction, presented as justification for the proposed tax rise. Representing the industry, the UK’s Betting and Gaming Council warned that the increase could cost the economy up to £3.1 billion and put jobs and sports sponsorships at risk.
In answer to GBC questions, the Minister for Financial Services said he has held a "constructive discussion" with the UK Treasury team, which included Dan Tomlinson, the Exchequer Secretary to the Treasury.
Nigel Feetham also addressed MPs on the subject at the gaming breakfast during Gibraltar Day in London.
Around 75% of UK online sports-betting business involves companies registered in Gibraltar.
The sector contributes to approximately 30% of the Rock’s GDP, with 3400 jobs, amounting to roughly 50% of total corporate tax receipts and 15% personal tax receipts for last year.
UK Gaming companies have threatened wide-spread closures if the Chancellor goes ahead with increased taxes.
Categoría:Legislation
Tags: Sin tags
País: United Kingdom
Región: EMEA
Event
SiGMA North America 2026
01 de September 2026
LatAm Regulators Discussed Illegal Gambling and Innovation at SiGMA North America
(Mexico City, SoloAzar Exclusive).- The panel "The Red Pen Forum: Regulators Respond to the Industry," held during SiGMA North America 2026, brought together representatives from Uruguay, Argentina, Puerto Rico, and Honduras to analyze regulatory challenges, digital transformation, illegal gambling, and the need to adapt lotteries for new generations. The conference was moderated by Rodrigo Cigliutti, Executive Director of CIBELAE (Ibero-American Corporation of State Lotteries and Betting), and featured the participation of Marcelo Visconti, National Director of Lotteries and Quinielas of Uruguay; Carlos Moyano, President of IAFAS Entre Ríos, Argentina; Heidi Hernández Olivo, Deputy Secretary of the Puerto Rico Lottery; and Lissa Mencía, General Director of Lottery Operations and Games at Loto Honduras.
Monday 28 Sep 2026 / 12:00
SiGMA North America Addressed Crisis Management in iGaming
(Mexico, SoloAzar Exclusive).- During SiGMA North America 2026, Rosa Ochoa, founder of the Blue Global Gaming platform and strategic advisor for gaming operators; Iliana María Pineda Echeverri, Chief Legal & Compliance Officer at Wplay.co; Iraid Rosales, Country Manager Mexico at Amusnet; and Elizabeth Maya Cano, Executive President of CORNAZAR, analyzed the key factors in managing crisis situations within the iGaming industry, with a special focus on transparency, communication, technology, and preparation.
Friday 25 Sep 2026 / 12:00
Affiliates and Acquisition: Keys to Regulated Markets in North America
(Mexico City, SoloAzar Exclusive).- During SiGMA North America 2026, Cristopher Guzmán Reyes, Head of Affiliates at Logrand Entertainment Group; Guga Júnior, influencer and slots expert at Scalar Partners; Andrés Gómez, Head of Latin America Go-to-Market Strategy at Admattic; Yambot Aguilera, Gaming and Finance Sales Director at Google; and Paula Gabriel Jiménez, Advertising Client Growth Director for Microsoft at Aleph, analyzed the state and provincial affiliate ecosystem in North America, as well as the acquisition challenges in regulated markets.
Thursday 24 Sep 2026 / 12:00
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