Rumours of MGD hike to 25% drive modest UK recovery

Industry sources highlighted the impact would still be heavily felt throughout the sector UK gambling stocks saw a modest recovery this morning (21 October) after The Times reported Machine Games Duty (MGD) will see a smaller rise than feared. Land-based and online listed gaming businesses Rank Group and Entain each saw their share prices increase around 5% in morning trading today, following mainstream media reports the Treasury is plotting a more moderate MGD hike than previously suggested.