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    1. Home
    2. >Finance
    3. >Rank Group warns $53 million hit from UK gaming tax changes
    Finance

    Rank Group Warns $53 Million Hit From UK Gaming Tax Changes

    Published by Global Banking & Finance Review®

    Posted on December 8, 2025

    1 min read

    Last updated: January 20, 2026

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    Tags:UK economytax administrationfinancial managementcorporate tax

    Quick Summary

    Rank Group expects a $53M profit impact from UK gaming tax changes, including increased remote gaming duty and bingo duty abolition starting April 2026.

    Rank Group Expects $53M Impact from UK Gaming Tax Reforms

    (Reuters) -British gaming company Rank Group Plc is expecting a hit of about 40 million pounds ($52.9 million) to its annual operating profit from the UK's tax changes from April 2026, including an increase in remote gaming duty and abolition of bingo duty.

    ($1 = 0.7560 pounds)

    (Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Anil D'Silva)

    Key Takeaways

    • •Rank Group anticipates a $53 million impact on profits.
    • •UK gaming tax changes to take effect in April 2026.
    • •Increase in remote gaming duty is a key factor.
    • •Abolition of bingo duty also affects profits.
    • •Report by Aatrayee Chatterjee, edited by Anil D'Silva.

    Frequently Asked Questions about Rank Group warns $53 million hit from UK gaming tax changes

    1What is operating profit?

    Operating profit is the profit a company makes from its core business operations, excluding any income derived from non-operational activities such as investments or sales of assets.

    2What is remote gaming duty?

    Remote gaming duty is a tax applied to online gambling operators based on their profits. It is designed to regulate the online gaming industry and ensure compliance with local laws.

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