Genting UK Challenges Machine Games Duty Rise While Advancing Trocadero Redevelopment

Genting UK has presented formal arguments against a proposed doubling of Machine Games Duty from its current 20 percent rate to 40 percent, highlighting the direct financial strain this change would place on its operations across the United Kingdom. The company operates 32 casinos in total, and the higher rate would leave 13 of those venues unprofitable or unsustainable according to internal assessments released in recent weeks. Annual costs would climb by an estimated £16 million under the new structure, with more than 850 existing jobs placed at immediate risk alongside additional positions in support functions.

Those familiar with the sector note that Machine Games Duty applies specifically to gaming machines found in casinos, betting shops, and arcades, and Genting UK has emphasised that the increase would arrive at a time when many land-based operators already face elevated operating expenses. Data from the company shows that the affected casinos generate significant local employment and contribute to regional economies, yet the proposed tax adjustment would force difficult decisions about continued viability. Observers point out that the measure could accelerate closures rather than generate the intended revenue uplift, since closed premises produce no tax at all.

Employment and Operational Consequences

More than 850 roles stand to disappear if the duty doubles, with further positions in supply chains, security, and hospitality also threatened once venues begin scaling back. Genting UK has outlined that the extra £16 million in annual costs would erode margins to the point where several sites could no longer cover basic overheads. Those who have reviewed the figures indicate that smaller or older properties would feel the impact first, since they lack the volume of play needed to absorb the higher levy. The company has warned that once closures begin, the loss of footfall would affect nearby restaurants, transport providers, and other businesses that rely on casino visitors.

London Trocadero Transformation Moves Ahead

Even as the tax debate continues, Genting UK is pressing forward with its £50 million redevelopment of the Grade II-listed London Trocadero in central London. The project will convert the historic building into a 37,000 square foot casino and entertainment destination that combines gaming with food, drink, and leisure offerings. Completion is expected to create between 350 and 400 permanent positions once the venue opens, while the construction phase itself will support an additional 350 roles across contractors and supply chains. Planning documents show that the new facility aims to attract both domestic and international visitors by offering an integrated experience rather than gaming alone.

The Trocadero scheme forms part of a broader strategy to refresh Genting UK's portfolio with modern, multi-use destinations. Work on the listed structure requires careful preservation of architectural features while installing contemporary gaming floors, dining areas, and leisure zones. Project timelines released by the company place key milestones in late 2026, with September 2026 identified as a period when major fit-out contracts will accelerate. Those tracking the development report that the investment signals continued confidence in the UK casino market despite the proposed duty change.

Industry Context and Company Position

Genting UK has submitted detailed evidence to policymakers outlining the cumulative effect of successive tax and regulatory adjustments on land-based operators. The submission stresses that the duty increase would compound existing pressures from rising energy costs, staff wages, and compliance requirements. Company statements indicate that the 13 vulnerable casinos span multiple regions and include both large metropolitan sites and smaller provincial venues. Without adjustment to the proposed rate, several of these properties would move into sustained losses within the first year of implementation.

Figures released alongside the consultation response show that the current 20 percent rate already accounts for a substantial share of machine revenue. Doubling that rate would effectively remove the profit margin on many machines once other costs are factored in. Genting UK has argued that a more measured approach, perhaps phased over several years or paired with relief for smaller venues, would allow operators time to adapt while still delivering additional public revenue. The company continues to engage with trade bodies and local authorities to explore mitigation options should the higher rate be confirmed.

Conclusion

The combination of the Machine Games Duty consultation and the active Trocadero redevelopment illustrates the contrasting pressures facing Genting UK. On one side, the proposed tax change threatens immediate viability for nearly half the company's UK estate and places over 850 jobs in jeopardy. On the other, the £50 million London project demonstrates ongoing commitment to physical casino destinations that blend gaming with wider leisure offerings. As September 2026 approaches and construction activity intensifies, the outcome of the duty review will determine whether the new Trocadero venue opens into a supportive or more challenging operating environment. The company maintains that its submissions provide clear evidence of the risks involved, leaving policymakers with the final decision on the future shape of UK casino taxation.