Doubled Taxes Are Weighing Heavily On Gala Bingo Halls
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Although Gala Bingo holds one of the largest and most popular Bingo websites in the world, their land based bingo halls are being crushed. The recent doubling of the taxes is making it harder and harder to run these halls, leaving them little room for profit, improvement and over all operations.
Gala bingo is taking these issues and laying them at the feet of the Government. As of today, Gala Bingo has been forced to close 13 clubs, with another 6 to come, resulting in 180 more jobs lost. In order to stay afloat, Gala is looking to sell over 50 clubs over the next few years.
The shocking tax hike is the cause of most of this mess, even though Gala Bingo has placed themselves in a huge whole of debt. They are looking to try and turn that debt into equity. As it stands, the European Union is giving a refund to Gala, somewhere in the sum of £200m, stating that is was unfair to tax these bingo halls with an unfair percentage, as opposed to other games.
A campaign has been arranged by some of Europeans largest gaming businesses such as, Rank Group, Gala Bingo, Castle Bingo, and Mecca Bingo, in effort to try and squash the increased tax. Sadly, UK’s Bingo lovers are the ones that will feel most affected, especially in their pockets.
