Paddy Power founder accuses Betfred billionaire of ‘scaremongering’ over tax rises

Stewart Kenny, founder of Paddy Power, has refuted claims by Betfred's billionaire owner that tax increases will lead to UK job losses, labeling them as "scaremongering." Kenny pointed out that when he was in the industry, he faced similar concerns but managed to navigate them. This exchange highlights the broader debate over how rising taxes might impact the UK's gambling industry and employment. It underscores the tension between regulatory measures and business operations in an increasingly taxed economy.