Genting Casinos UK has warned that 13 of its 32 British casinos would be unprofitable and would face closure if the government brings in a proposed doubling of gaming machine tax.
Paul Willcock, CEO of Genting Casinos UK, added that 850 jobs would be at risk if gaming machine duty doubles from 20 per cent to 40 per cent.
In an opinon piece written for CityAM, Willock said: “For Genting, doubling machine duty would add about £16m a year to our cost base. Our modelling suggests that 13 of our 32 casinos would become unprofitable or unsustainable. More than 850 jobs in those venues would be at risk, together with around 50 roles in the teams that support them.”
