🟢 The Rank Group is trading 12% up after gambling duty rose less than investors feared

The Rank Group is trading at £88.10 (+11.66%) as relief over a lower-than-feared UK gambling tax rise lifted gambling shares.

• The October 28 rally followed confirmation that machine games duty will rise from 20% to 25%, below the 40% increase investors had feared.
• JPMorgan said operators may mitigate much of the impact.
• The relief extended across UK gambling shares; peers Entain and Evoke also advanced.