The gaming company INTRALOT has announced its financial results for the nine-month period, with revenue being 2.9% less than the previous year. The CEO has also spoken out about the revised gaming taxes in the UK, following the budget announcement.
Just this week, the UK government shared the Autumn Budget, which confirmed several changes to gambling taxes. The main change is the increase in remote gaming duty, which is to rise from 21 to 40 per cent, with this beginning in April 2026.
A creation of a new 25% general betting duty for online gambling has been created too, but this won’t come into action until April 2027.
Now that the gambling industry is aware of the government’s stance, companies have started to publicly state their responses. For example, Flutter, which is the gambling giant behind brands like FanDuel, BetFair, Sky Betting & Gaming, and more, acknowledged the “very significant impact on the overall market.”
The UK and Ireland CEO of Flutter, Kevin Harrington, noted that the impact on the industry as a whole will only hamper safer gambling.
Tax increase impact will delay INTRALOT’s growth plan by a year
In INTRALOT’s financial report, the CEO Robeson Reeves described the remote gaming duty increase as being “higher than anticipated,” but says the company is going “to follow the aggressive mitigation scenarios.”
“We still intend to deliver growth in the wagers accepted which combined with generosity reductions, marketing reductions and accelerated synergies will limit the tax increase impact and will only delay our growth plan by a year. We would therefore revise our 2026 EBITDA guidance in the range of €420-440m,” the CEO said.
Moving further into the report, the company shared that its consolidated revenues came to
€242.5m in the nine-month period which is a 2.9% decline compared to the nine-months in 2024. The company, however, says this is “broadly stable on a constant currency basis.”
It was also just a month ago that INTRALOT announced it had completed the acquisition of Bally’s International Interactive Business for €2.7 Billion, with new directors having been decided upon earlier in November.
Featured Image: Via Intralot Facebook post
The post INTRALOT speaks out on UK Budget and finances appeared first on ReadWrite.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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