Inspired Entertainment posts UK growth in Q3 despite higher gaming tax

B2B gaming technology provider Inspired Entertainment has recorded growth in its UK operations during the third quarter, weathering the impact of a higher Remote Gaming Duty (RGD) that came into force earlier this year.

The company’s Q3 performance in the UK comes seven months after the government raised the RGD rate, a move that increased the tax burden on online gambling operators and their suppliers. Despite the headwind, Inspired managed to expand its business in the region.

Inspired Entertainment supplies virtual sports, interactive games, and gaming machines to operators worldwide. Its UK-focused results suggest that demand for its products remained strong even as the sector adjusted to the higher tax environment.

The RGD increase, implemented in the 2023/2024 tax year, raised the rate from 15% to 21% for online casino and bingo games, and from 15% to 21% for other remote gambling activities. The change was intended to generate additional government revenue.

Inspired’s Q3 figures indicate that the company has been able to offset the tax impact through operational efficiencies or sustained customer demand. The results add to a mixed picture of resilience across the UK gambling industry, where some firms have struggled while others have adapted.

The company has not provided detailed Q3 financials in the excerpt, but the reported growth underscores its ability to navigate regulatory changes in one of its key markets.