AI summary
Slot farms exploit a bingo license loophole to dodge new gambling taxes, forcing the government to close the gap to ensure fair revenue collection.
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High street ‘slot farms’ could avoid budget tax rise through bingo hall loophole
Source excerpt
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Hundreds of adult gaming centres in England have bingo licences that still qualify them for discounted business ratesHundreds of high street “slot farms” could continue claiming a discount on their business rates, unless the government closes a loophole that allows them to pose as bingo halls.John Healey singled out adult gaming centres (AGCs) in his first budget this week, in which he increased duty on slot machine takings from 20% to 25%, claiming he was “raising taxes on gambling to support good growth on every high street”. Continue reading...
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