Thursday May 28, 2020

Paddy Power warned Donohoe over betting tax

Ian Guider

Markets Editor

@ianguider
3rd February, 2019

Paddy Power Betfair warned the government that the move to double the betting levy would make the company consider other locations for future investment and encourage unregulated gaming operators.

In a letter to the finance minister Paschal Donohoe in the days following the budget, the company’s chairman Gary McGann said it was “very surprised” at the announcement and that the tax hike came in spite of engagement with the department on the impact it would...

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