Buzz Bingo CEO Opposes UK Treasury's Planned Bingo Duty Increase Citing Risks to Sector and Charities
Buzz Bingo’s chief executive, Jim Kennedy, has publicly opposed the UK Treasury's proposal to raise the bingo duty tax rate, stating that the move will not result in additional government revenue but will instead harm the bingo industry and those who benefit from it. The Treasury is considering increasing the current 10% bingo duty as part of a wider tax-raising package aimed at increasing government funds. Kennedy argues that the proposed hike risks significant harm to the bingo sector, which currently supports around 3,000 employees through approximately 120 clubs across the United Kingdom. He highlights that bingo is a popular activity, with over half a million people playing regularly, many from older and lower-income backgrounds. Furthermore, he stresses that the bingo sector is a critical source of charitable contributions and social benefits. The opposition stems from concerns that the tax increase could lead to closures of clubs and consequent job losses, diminishing the associated community and charity benefits. Industry observers note the complexity of balancing government revenue goals with preserving jobs and social benefits tied to the gaming sector.