Day: 11 June 2019

US-China Trade War Tension and Shrinking Domestic Volumes Hit Hard Star Entertainment’s Performance, Layoffs On the Go

Tue 11 Jun 2019 11.44 Daniel Williams
US-China Trade War Tension and Shrinking Domestic Volumes Hit Hard Star Entertainment’s Performance, Layoffs On the Go

Today, the Australian casino giant Star Entertainment Group Ltd revealed that the tension caused by the US-China trading war has been having a negative impact on both Asian gamblers’ confidence and the company’s profit, resulting in the largest share decline it has experienced since listing. The information revealed by Star Entertainment comes to demonstrate the significant impact which the long-running dispute between the US and China is having, especially in the light of the 25% punitive tariffs which the US has already imposed on some goods, and the ones which…

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British Bookmakers Could Be Hit by a Minimum 1% Compulsory Tax, While Hancock Pledges to Raise £100 Million a Year

Tue 11 Jun 2019 7.55 Olivia Cole
British Bookmakers Could Be Hit by a Minimum 1% Compulsory Tax, While Hancock Pledges to Raise £100 Million a Year

The Secretary of State for Health and Social Care, Matt Hancock, plans to force the UK bookmakers to raise no less than £100 million on an annual basis to fund gambling addiction initiatives. The Tory politician is promising to impose a minimum 1% compulsory tax on British bookmakers profits. It is intended that the levy would be used to pay for more research and treatment programs for problem gambling, as the authorities will continue their cooperation with charity organisations. Mr Hancock, who is likely to occupy the Prime Minister position…

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