Land-based bingo operators are hoping for change in the duty they are required to pay, so that their business will be more profitable again.
The recent efforts of bingo operators and fans to initiate change in the 2014 Budget, so that bingo halls can pay less tax may turn true eventually.
The current levels are at 20% according to UK gambling laws and the desired one is 15%, which will be closer to what betting shops and other forms of gambling businesses are paying.
There are few reasons for the decline in bingo profits in the UK – some of them are the smoking ban, high bingo tax as well as the inability to attract younger population. However, the biggest problem seems to be the success of online bingo operators, which are offering attractive deals and numerous opportunities to win.
All these factors add to the sad reality that bingo halls are closing down at a very high rate, at around one per month, which doesn’t give amazing future prospects for the industry.
Therefore, bingo operators are extremely excited about the possibility for the Budget to be changed, so that smaller taxes are paid by the industry. They also have the support of 300,000 bingo lovers, who signed a petition, so that bingo operators will be paying similar tax to the other gambling providers.