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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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(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

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

What 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.
What 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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