AGP: An increase in company name display fee “consumed” 1,000 jobs in the gambling business
Director of the Association of Gambling Providers (AGP) Rade Karan has warned today that the issue of increased local municipal fees, so called “company name display fees”, still remains unsolved, which have been increased more than five times in recent years, causing “consumption” of more than one thousand jobs in that field, since numerous bookies were closed due to the inability to pay increased fees.
At the presentation of the annual report on impact on Serbian economy and social responsibility, Karan has said that the average company name display fee was around RSD100,000 in 2012, and in 2018 the average amount was around RSD550,000, adding that there is no economic justification nor economic logic for a five-time increase.
“According to our precise estimates, these taxes have “consumed” more than 1,000 jobs in the last three years. If such tendencies continue this year as well, we will face closing of bookies and subsequent discharges,” he has said.