---
title: "The UK raises remote gambling tax, Guoco's subsidiary Rank expects profit to decrease by £40 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/267721007.md"
description: "GUOCO GROUP announced that its London-listed subsidiary Rank expects an operating profit reduction of approximately £40 million due to the UK's budget proposal to increase remote gambling tax and abolish the Bingo tax. Rank's CEO John O'Reilly stated that the group will mitigate its impact as much as possible"
datetime: "2025-11-27T15:01:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/267721007.md)
  - [en](https://longbridge.com/en/news/267721007.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/267721007.md)
---

# The UK raises remote gambling tax, Guoco's subsidiary Rank expects profit to decrease by £40 million

GUOCO GROUP (00053.HK) announced that its London-listed subsidiary Rank stated that the Remote Gaming Duty will be increased starting from April 2026 and the Bingo tax will be abolished in the UK budget. Before any mitigating measures are taken, these new costs will have an annualized impact of approximately £40 million on Rank Group's operating profit.

Rank CEO John O'Reilly stated that for the year ending in June, Rank recorded a post-tax profit of £44.6 million and paid £188 million in taxes in the UK. Now, the burden will further increase by £40 million, and the group will mitigate its impact as much as possible

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