
REG - Entain PLC - Statement re increases to UK gambling taxes

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Entain PLC has expressed disappointment over the UK government's decision to increase gambling taxes, which they believe will negatively impact the industry, jobs, and sports funding. The tax changes are expected to cost Entain's UK&I Online business an additional £200m annually. Entain plans to mitigate 25% of this impact by reducing marketing and promotions. CEO Stella David criticized the decision, warning it could drive customers to unregulated markets. Despite the challenges, Entain remains focused on sustainable growth.
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