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Betfred founder warns higher taxes could end betting shops by 2030

Betfred founder Fred Done has warned that further tax increases on gambling could lead to widespread betting shop closures, job losses, and a further decline of the UK high street. Speaking to the Financial Times over the weekend, the 83-year-old businessman said a potential doubling of Machine Gam

September 22, 2026 2 min read
Betfred founder Fred Done has warned that further tax increases on gambling could lead to widespread betting shop closures, job losses, and a further decline of the UK high street. Speaking to the Financial Times over the weekend, the 83-year-old businessman said a potential doubling of Machine Gaming Duty (MGD) from 20% to 40% could force Betfred to close 495 shops within a year. Betfred currently...
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