Russ Mould, investment director at AJ Bell, said: “After being dealt a major blow by the Chancellor yesterday, gambling sector companies have quantified the impact to earnings from higher duty.
“It’s important to remember that most of the London-listed gambling stocks generate revenue from many different geographies, and they’re not solely dependent on the UK.
“That helps to cushion the blow, but the duty hikes still cause a headache for management and mean they must rearrange the furniture in terms of marketing spend, resources and operations.”
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