{"id":19485,"date":"2026-10-23T08:30:00","date_gmt":"2026-10-23T13:30:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=europe&#038;p=19485"},"modified":"2026-10-23T04:39:08","modified_gmt":"2026-10-23T09:39:08","slug":"gibraltar-warns-40-gaming-tax-threatens-16000-jobs","status":"publish","type":"europe","link":"https:\/\/www.mundovideo.com.co\/en\/europe\/gibraltar-warns-40-gaming-tax-threatens-16000-jobs\/","title":{"rendered":"Gibraltar warns: 40% gaming tax threatens 16,000 jobs"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Gibraltar, October 22, 2026.<\/strong> Gibraltar has warned about the economic impact of another gambling tax increase in the United Kingdom after <strong>90 Labour MPs<\/strong> called for doubling the <strong>Machine Games Duty from 20% to 40%<\/strong> on certain gaming machines. The proposal could put up to <strong>16,000 jobs, 1,500 betting shops, and 34 casinos at risk<\/strong>, according to estimates by EY released by the Betting and Gaming Council (BGC).<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"700\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng.jpg\" alt=\"\" class=\"wp-image-9622\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng.jpg 700w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng-300x300.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng-150x150.jpg 150w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The initiative, promoted on <strong>October 16<\/strong> by <strong>Alex Ballinger<\/strong>, Labour MP for Halesowen, was addressed to UK Chancellor of the Exchequer <strong>John Healey<\/strong>, ahead of the budget announcement scheduled for <strong>October 28, 2026<\/strong>. Gibraltar&#8217;s Minister for Justice, Trade and Industry, <strong>Nigel Feetham<\/strong>, warned of the consequences for international operators with land-based businesses in Britain and digital operations in Gibraltar.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"758\" height=\"508\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-216.png\" alt=\"\" class=\"wp-image-19491\" style=\"aspect-ratio:1.491139240506329;width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-216.png 758w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-216-300x201.png 300w\" sizes=\"auto, (max-width: 758px) 100vw, 758px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Grainne Hurst<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Online gambling accounts for approximately <strong>30% of Gibraltar&#8217;s GDP<\/strong>, supports more than <strong>3,400 jobs<\/strong>, and contributes nearly one-third of the territory&#8217;s tax revenue. Companies including <strong>Entain, bet365, Betfred, Evoke, and William Hill<\/strong> maintain licensed entities in Gibraltar. BGC Chief Executive <strong>Grainne Hurst<\/strong> warned that the increase could reduce UK tax revenue by up to <strong>\u00a3124 million<\/strong>, driven by business closures and industry contraction. In contrast, Social Market Foundation estimates project additional annual revenue of between <strong>\u00a3275 million and \u00a3458 million<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"787\" height=\"491\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-215.png\" alt=\"\" class=\"wp-image-19487\" style=\"aspect-ratio:1.6005434782608696;width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-215.png 787w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-215-300x187.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-215-768x479.png 768w\" sizes=\"auto, (max-width: 787px) 100vw, 787px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The pressure follows previously approved tax reforms: <strong>Remote Gaming Duty increased from 21% to 40% in April 2026<\/strong>, while the tax on certain remote betting activities will rise from <strong>15% to 25% in April 2027<\/strong>, under UK tax legislation. The Gibraltar government, led by <strong>Chief Minister Fabian Picardo<\/strong>, is pursuing economic diversification to reduce its dependence on the British market.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/www.mundovideo.com.co\/mve-ads\/?lang=en\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"500\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE.jpg\" alt=\"\" class=\"wp-image-16352\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE.jpg 600w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE-300x250.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Regulatory and tax oversight falls under <strong>HM Revenue &amp; Customs (HMRC)<\/strong> and the <strong>UK Gambling Commission<\/strong>, within their respective jurisdictions, while Gibraltar maintains its own regulatory framework under the <strong>Gambling Act 2025<\/strong>. The proposed increase has not yet been approved. <strong>HM Treasury<\/strong> must determine whether to include it in the budget, while operators and industry associations assess its financial implications.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gibraltar, October 22, 2026. Gibraltar has warned about the economic impact of another gambling tax increase in the United Kingdom after 90 Labour MPs called for doubling the Machine Games Duty from 20% to 40% on certain gaming machines. <\/p>\n","protected":false},"author":1,"featured_media":19486,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[57,3184,15,4475,254,105,1218,3149],"class_list":["post-19485","europe","type-europe","status-publish","format-standard","has-post-thumbnail","category-sin-categoria","tag-casinos","tag-europe","tag-gambling","tag-gibraltar","tag-slot-machines","tag-sports-betting","tag-tax","tag-uk","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gibraltar warns: 40% gaming tax threatens 16,000 jobs - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"description\" content=\"Gibraltar, October 22, 2026. Gibraltar has warned about the economic impact of another gambling tax increase in the United Kingdom after 90 Labour MPs called for doubling the Machine Games Duty from 20% to 40% on certain gaming machines.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/europe\/gibraltar-warns-40-gaming-tax-threatens-16000-jobs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gibraltar warns: 40% gaming tax threatens 16,000 jobs - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"Gibraltar, October 22, 2026. 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