Potential U.K. Gaming Tax Increase Could Hurt Entain, Flutter Earnings -- Market Talk

Dow Jones

Oct 01

0657 GMT - An increase in U.K. gaming taxes in the upcoming budget could hit Flutter Entertainment and Entain's fiscal 2026 earnings before interest, taxes, depreciation and amortization by 2% to 4% respectively, Citi analysts Monique Pollard writes. Treasury Chief Rachel Reeves has indicated that she could increase the tax in the budget on Nov. 26, with Pollard expecting a 5 percentage-point rise. Reeves' commentary that the government will ensure gambling firms pay a fair share taxes makes it more likely that tax rises are to come--and perhaps even more than 5 percentage points for online businesses, she says. Citi analysts expect a negative share price reaction to Flutter and Entain this morning. (aimee.look@wsj.com)

(END) Dow Jones Newswires

October 01, 2025 02:58 ET (06:58 GMT)

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Treasury Chief Rachel Reeves has indicated that she could increase the tax in the budget on Nov. 26, with Pollard expecting a 5 percentage-point rise. Reeves' commentary that the government will ensure gambling firms pay a fair share taxes makes it more likely that tax rises are to come--and perhaps even more than 5 percentage points for online businesses, she says. Citi analysts expect a negative share price reaction to Flutter and Entain this morning. 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Treasury Chief Rachel Reeves has indicated that she could increase the tax in the budget on Nov. 26, with Pollard expecting a 5 percentage-point rise. Reeves' commentary that the government will ensure gambling firms pay a fair share taxes makes it more likely that tax rises are to come--and perhaps even more than 5 percentage points for online businesses, she says. Citi analysts expect a negative share price reaction to Flutter and Entain this morning. (aimee.look@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 01, 2025 02:58 ET (06:58 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4150","symbol_name":"赌场与赌博","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2572586451","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2572586451","pubTimestamp":1759301880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0657 GMT - An increase in U.K. gaming taxes in the upcoming budget could hit Flutter Entertainment and Entain's fiscal 2026 earnings before interest, taxes, depreciation and amortization by 2% to 4% respectively, Citi analysts Monique Pollard writes. Treasury Chief Rachel Reeves has indicated that she could increase the tax in the budget on Nov. 26, with Pollard expecting a 5 percentage-point rise. Reeves' commentary that the government will ensure gambling firms pay a fair share taxes makes it more likely that tax rises are to come--and perhaps even more than 5 percentage points for online businesses, she says. Citi analysts expect a negative share price reaction to Flutter and Entain this morning. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4150":"赌场与赌博","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","SGXZ81514606.USD":"大华环球创新基金A Acc USD","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","FLUT":"Flutter Entertainment PLC","LU0575583348.USD":"SCHRODER ISF UK EQUITY \"A\" (USD) INC AV","LU1015430645.USD":"SCHRODER ISF UK EQUITY \"A\" (USDHDG) ACC"},"translate_title":"英国博彩税的潜在增加可能会损害Entain、Flutter的盈利——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FLUT":0.9},"content_text":"0657 GMT - An increase in U.K. gaming taxes in the upcoming budget could hit Flutter Entertainment and Entain's fiscal 2026 earnings before interest, taxes, depreciation and amortization by 2% to 4% respectively, Citi analysts Monique Pollard writes. Treasury Chief Rachel Reeves has indicated that she could increase the tax in the budget on Nov. 26, with Pollard expecting a 5 percentage-point rise. Reeves' commentary that the government will ensure gambling firms pay a fair share taxes makes it more likely that tax rises are to come--and perhaps even more than 5 percentage points for online businesses, she says. Citi analysts expect a negative share price reaction to Flutter and Entain this morning. (aimee.look@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 01, 2025 02:58 ET (06:58 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}