Published
OnlineLegal & RegulatoryIndustryCSR

BGC backs UK Government's plan – but not 'at expense of jobs'

The Betting and Gaming Council (BGC) has again stated that it backs the UK Government’s economic plan – however, it has stated it is against measures that put jobs and customer experience 'at risk.'

cheltenham festival new
Listen To Article

In the week that the Cheltenham Festival will take place, the BGC highlighted that the event generates £274m ($330m) for the local economy – with around £1bn in wagers placed across the four days.

The BGC has also stated that the industry is still recovering from the doldrums of Covid-19, which brought much of the industry to a standstill – while Russia’s invasion of Ukraine is also having a significant effect on the UK economy.

Michael Dugher, CEO of the BGC, said: “The regulated industry already plays a huge role in the UK economy, and we are keen to go further and contribute even more.

"But to deliver on this ambition, we need a pro-business budget, no new tax rises and a balanced gambling White Paper that protects the vulnerable while not spoiling the customer experience of the majority who bet perfectly safely.

“Our industry includes world-leading British tech, as well as businesses supporting high street retail, plus those in the hospitality, tourism and leisure sectors. Ministers should be protecting investment and jobs at this challenging time. We want to see big changes that will further strengthen safer gambling, but new taxes and draconian regulations will put businesses at risk."

The news comes after repeated efforts by the BCG to oppose further regulation and after its chairman, Brigid Simmonds, denounced calls for an RET tax levy on gambling companies.

Premium+ Connections
Premium

1xBet Partners

 
Premium

Sport Generate

 
Premium

GammaStack

 
 
Premium

Revsharks

 
Premium

Digitain

 
Premium

Imagine Live

 
Premium

PIN-UP Partners

 
Premium

Galaxsys

 
Premium

RISK

 
Premium

Lynon

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...