Ever since the dawn of poker, the UK has been a hotbed for the game with tons of rooms operating across the country. Unfortunately, rooms like these in the United Kingdom are in jeopardy due to a new poker tax that is threatening the very existence of the game.
Britain is currently in a crisis politically due to several scandals by politicians, and so the countries lawmakers have decided that now is a good time to try and bring in more revenue through increased taxes on casinos. Before, casinos had to pay a 15% tax on money made from poker rooms which was quite adequate and still allowed the casino to make a decent profit on the game.
However, a new law has taken effect that taxes all of London’s casino poker operations way more heavily. Cutting through all of the legal talk, the final number amounts to a tax of about 50% which is a 35% increase on what was previously charged. Obviously at a tax rate this high, some of London’s most notable card rooms are considering closing their doors instead of trying to fight their way through this unfair tax.
Some of the places that could close include the Grosvenor Victoria Casino and the Nottingham’s From Dusk Till Dawn poker club. The only good thing about the new law is that it doesn’t seek to impose such a heavy tax on the casinos outside of London which will at least keep other rooms open. But the damage has already been done in London, and it looks like some of the finest rooms the city has to offer won’t be able to stay in business much longer.