{
  "id": 17032630,
  "title": "Grosvenor Casinos owner warns of £9m tax hit after Healey’s gambling duty hike",
  "url": "https://urgent.news/2026/10/29/grosvenor-casinos-owner-warns-of-9m-tax-hit-after-healeys-gambling",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-29T08:20:05.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/grosvenor-casinos-owner-warns-of-9m-tax-hit-after-healeys-gambling-duty-hike/"
  },
  "original_language": "en",
  "account": "Grosvenor Casinos' owner, Rank Group, has cautioned that the gambling tax hike proposed by John Healey will result in a significant financial impact of approximately £9 million annually. This increase in Machine Games Duty (MGD), which rises from 20% to 25% from April 2027, will add nearly £9 million to the company's annual tax bill before any potential offsetting measures. Rank anticipates additional costs of £2 million during its current financial year, which concludes in June 2027. Despite these challenges, Rank remains optimistic about maintaining its like-for-like operating profit as expected. The company plans to disclose further details of the Budget's impact and its strategies to offset the costs in its upcoming half-year results scheduled for January 28th.",
  "summary": "Casino operator Rank Group has warned that John Healey’s gambling tax hike will deliver a hit of around £9m a year, as the industry begins to count the cost of Wednesday’s Budget. The London-listed owner of Grosvenor Casinos and Mecca Bingo said the increase in Machine Games Duty (MGD) from 20 to 25 per cent, [...]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}