https://code.stephenscity.gov/api.php?action=feedcontributions&feedformat=atom&user=ShantellDellingeStephens City Code - User contributions [en]2026-05-13T20:32:43ZUser contributionsMediaWiki 1.37.1https://code.stephenscity.gov/index.php?title=Former_Paddy_Power_Boss_Calls_For_Gambling_Tax_Hikes_To_Deter&diff=30499Former Paddy Power Boss Calls For Gambling Tax Hikes To Deter2026-03-27T05:07:59Z<p>ShantellDellinge: Created page with "<br>The former manager of [https://maru.bnkode.com/@hermelindajann Paddy Power] has actually called for higher gambling taxes to prevent bookies from techniques that draw punters into more addicting games, as he said profits throughout the sector were "taking off".<br><br><br>Stewart Kenny, who co-founded the betting company but has actually become a critic of the industry's methods considering that retiring, also accused firms of "scaremongering" over cautions about gam..."</p>
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sector and drive more individuals towards black market wagering.<br><br><br>"It is scaremongering," he told the MPs.<br><br><br>"I was utilizing exactly the same arguments 25 years ago ... and wagering companies have actually blown up in revenues.<br><br><br>"I do not see any reason that wagering stores or people used in wagering shops need to go down due to the fact that of the tax rises," he said, adding that he does not foresee punters getting a "bad offer" as an outcome.<br><br><br>Parent firm Flutter, which likewise owns Betfair and Sky Bet, informed Paddy Power staff earlier this month it was shutting 57 of their wagering shops in the UK and Ireland, putting nearly 250 workers at threat.<br><br><br>Stewart Kenny turned down claims from gambling firms that tax increases would lead to job losses in the sector (House of Commons/UK Parliament/PA)<br><br><br>The US-listed company blamed the closures on " 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market.<br><br><br>Mr Kenny, who stepped down from the board of Paddy Power almost a decade ago, stated there are still parts of the gambling industry that he believes can "grow".<br><br><br>"I became part of the system, I have huge regrets, however I'm still a believer in the gaming market becoming part of the entertainment mix," he said.<br><br><br>He said disincentivising business to entice punters towards "highly addictive" online casinos might assist them "get back to marketing horse racing and banking on typical events".<br> <br><br>Theo Bertram, director of the Social Market Foundation, which argues the gambling market must be taxed more, told MPs activities such as horseracing should be secured.<br><br><br>During the committee session he stated: "Don't let the gambling industry pretend to you that resting on your phone, being addicted to that app and losing countless pounds is in some way [http://120.77.222.1793000/florriehorrell putting] more people in your constituency into 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