UK bingo is looking for tax cuts:

UK Government’s Department of Culture, Media and Sport, the Financial Times newspaper of UK is supporting bingo companies in fighting for a reduction in tax for continuity in the sector.

 

Land based and virtual bingo groups like Gala Coral and Rank have approached the British Chancellor of Exchequer, Alistair Darling for tax reductions. This is to prevent the closure of bingo halls with the recent economic slowdown and a reduction in the number of land players because of a smoking ban.

 

As it is, Bingo operators face double taxation through gaming duty of 15%, and value added tax of 17.5%. However the Treasury states that the bingo industry is losing customers and facing problems that will not be solved just by tax relief.

 

So the bingo industry just want the Chancellor and Prime Minister to know that if they gave the bingo industry the same tax treatment like in other gambling industries, there will be an investment that will in turn drive up admissions.

 

Gala Bingo has responded to all this by developing an online television to attract a younger market who are less inclined to visit a bingo club to play bingo.

 

So far only 20% of the players to this online television bingo show have visited a bingo club; Gala bingo intends to thus market this more actively.

 

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