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Flutter warns new UK gambling tax will hurt profits and growth.
Flutter, the parent company of Paddy Power and Betfair, has warned that its earnings will be significantly impacted by a new UK government gambling tax introduced in the 2025 Budget, which increases levies on online betting revenue.
The company cited the tax as a major factor in its revised financial outlook, projecting lower profits and reduced growth for the year.
The announcement comes amid growing scrutiny of the gambling industry's tax burden and its effect on business performance.
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Flutter advierte que el nuevo impuesto al juego en el Reino Unido perjudicará las ganancias y el crecimiento.