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Inspired Doubles Down on UK Online Market Despite Tax Hit
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Casino.org
President and CEO Brooks Pierce said Inspired continued to take market share despite the higher tax burden.
According to Pierce, Inspired market share in the UK has increased from 3% to more than 11% over the “last few years”.
He noted that the combination of 40% gross gaming revenue growth and the higher duty rate meant Inspired’s absolute UK tax impact increased roughly 2.5 times year-on-year.
It said the full impact of the new UK tax is already reflected in the period.
Last year, fourth-quarter interactive revenue increased more than 17% from Q3, while adjusted EBITDA rose 23%.