Ladbrokes in Bridge St, Andover celebrated the launch of tax-free betting on 6th October with a visit from Sir George Young, who placed a £50 charity bet to mark the occasion. Sir George backed England to beat Greece 3-1, at odds of 12-1. If Sir George wins, Andover Age Concern stand to gain £600. (Sadly, while Sir George correctly guessed the total number of goals, their distribution was different to his bet.)
Sir George saw how the branch had prepared for the launch of tax-free betting - which is set to trigger a high street betting boom in the years ahead.
The decision to abolish the 9% betting tax and replace it with a 15% tax on bookmakers' profits means betting customers can now get far better value for their money.
"Andover is one of the busiest branches that Ladbroke has, and it was good to meet Jo (see picture) and Mark Bond, the District Supervisor. I also met a number of my constituents who hoped they would be better off by the end of the day."
Information from Ladbrokes.
Ladbrokes is investing £40million over the next two years in its high street betting shop estate throughout the UK to enable it to deliver the best levels of service to betting customers. This is in addition to the roll out of electronic point of sale [EPOS] technology in all of Ladbrokes 1900 shops completed in July. Ladbrokes is the only major betting chain to have introduced this state of the art system which enables it to offer customers services such as lottery style betting slips.
Mark Bond, District Supervisor, says "We are delighted to welcome tax-free betting to Andover. Tax-free betting will bring many benefits to our customers and to our industry. Ladbrokes shops provide the best service in the business and I am delighted Sir George has chosen to visit at this important time."