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Chancellor gives boost to bingo halls by cutting tax

19th March 2014

LONDON, UK - Chancellor of the Exchequer George Osborne has given a big boost to UK bingo halls by halving the rate of tax. Rank, the parent company of Mecca Bingo, immediately announced they would be opening three new bingo halls in response to the tax cut. UK bingo hall operators have been calling for a cut in the rate of gaming duty from 20% to 15% for years, arguing that there was no good reason why bingo should not be taxed at the same rate as all other gambling activities. The lobbying efforts paid off better than they could ever have expected when the rate was cut to 10%, lower than anyone in the industry thought realistically possible. The Budget speech said that bingo was an important part of Britain and with the number of bingo halls falling three quarters in the past 30 years…

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