Betfred says all its shops may close if Reeves hikes gambling tax

Watch: Gambling tax the biggest threat to the industry, says Betfred boss

Increasing taxes on betting firms in the Budget has been suggested to the chancellor. She recently told ITV: "I do think there is a case for gambling firms paying moreโ€ฆ they should pay their fair share of taxes and we will make sure that happens."

The billionaire businessman said tax rises were the "biggest threat" to the industry in his 57 years.

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