Rank Group CEO Warns UK PM on Proposed MGD Tax Increase

Richard Harris, chief executive of Rank Group, highlighted concerns regarding potential adjustments to the UK machine games duty during the operator’s preliminary results briefing. The remarks address market speculation that the existing 20% levy may be raised under the current government led by Prime Minister Andy Burnham.

Financial Briefing Details

Harris presented the update to investors during the earnings call covering the twelve-month period ending 30 June 2026. The discussion focused on how additional fiscal measures could impact the commercial operations of land-based gaming venues across the United Kingdom. Management outlined the financial parameters that would apply if the proposed duty adjustments proceed.

Market Context

The machine games duty remains a central component of the regulatory framework for UK gaming operators. Industry participants continue to monitor legislative developments as the government evaluates revenue streams from leisure and entertainment sectors. Rank Group’s preliminary financial review provides a baseline for assessing the potential economic impact of any future tax modifications.