Betfred Chairman Warns UK Gambling Tax Increases Could Force Nationwide Shop Closures
Betfred co-founder Fred Done has issued a stark warning that proposed gambling tax increases in the UK could make his business unprofitable and force the closure of all shops. The warning comes as the government considers tax reforms that could significantly impact the gambling industry.
Betfred Executive Warns of Potential Shop Closures Amid Tax Hike Proposals
The co-founder and chairman of Betfred, one of the United Kingdom‘s largest bookmakers, has issued a stark warning that proposed tax increases on gambling firms could force the closure of all company shops. According to reports, Fred Done stated that tax rises would represent the “biggest threat” to the industry during his 57-year career in the sector.