BusinessPolicy

Betfred Warns of Potential Nationwide Shop Closures Amid Gambling Tax Hike Proposals

Betfred’s owner has warned that proposed gambling tax increases could make the entire retail business unprofitable, potentially leading to the closure of all High Street shops. The warning comes as rival firms announce similar retail reductions amid growing pressure on the gambling industry.

Industry Warns of Widespread Shop Closures

Betfred has reportedly joined other major gambling operators in warning that proposed tax increases on the industry could force the closure of all its High Street shops, according to recent statements from company leadership. Sources indicate that the gambling sector is facing mounting pressure as former Prime Minister Gordon Brown advocates for higher taxes to fund child poverty reduction initiatives.

PolicyTrade

International Authorities Investigate Cambodian Real Estate Group Following US Sanctions

Authorities in Singapore and Thailand have launched investigations into Cambodian real estate conglomerate Prince Holding Group following sanctions imposed by the United States and United Kingdom. The case involves allegations of fraud and money laundering that have drawn international regulatory attention.

International Investigation Launched

Authorities in Singapore and Thailand are conducting investigations into a Cambodian real estate conglomerate after the United States and United Kingdom imposed sanctions on the company’s chairman, according to reports from regional news outlets. The coordinated international response comes amid allegations of fraud and money laundering that have drawn scrutiny from multiple jurisdictions.