Flutter Entertainment shares are trading lower. A report suggested that UK ministers are considering up to a £3 billion tax raid on gambling firms.
Portfolio Pulse from Benzinga Newsdesk
Flutter Entertainment shares are trading lower due to a report suggesting UK ministers are considering a significant tax increase on gambling firms, potentially impacting the company's financial performance.
October 11, 2024 | 7:42 pm
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Flutter Entertainment shares are experiencing a decline following news that UK ministers may impose a £3 billion tax on gambling firms, which could affect the company's profitability.
The potential tax increase directly targets gambling firms, including Flutter Entertainment, which could lead to higher operational costs and reduced profitability. This news has already caused a decline in share prices, indicating investor concern.
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