Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent estimate he has made of the amount of revenue to the public purse generated from casinos; and what assessment he has made of the importance of the contribution of casinos to the UK's economic recovery.
Gaming Duty paid by casinos raises around £220 million in revenue for the Exchequer per year.
The Government recognises the economic contribution the sector makes and has provided a package of measures to support businesses, including casinos, as announced by the Chancellor on 17 and 26 March. This includes a business rates holiday for businesses in the retail, hospitality and leisure sectors, the Coronavirus Job Retention Scheme and the Coronavirus Business Interruption Loan Scheme, which provides loans of up to £5 million for SMEs through the British Business Bank, backed by an 80% government guarantee.