Gaming duty hike hits bookmakers

Press Association
Ladbrokes profits
Ladbrokes profits

%VIRTUAL-SkimlinksPromo%Half a billion pounds has been wiped off the value of Ladbrokes and William Hill after the bookies were hit with a surprise hike in gaming machine duty.

Traders sent shares tumbling for a second day as Hill admitted the impact of the Budget changes would be even worse than it initially calculated.