Published
Casino

BGC: Chancellor’s VAT cut could be “enormous boost for casinos” if given green light to reopen

The Betting and Gaming Council (BGC) has welcomed the UK Government’s move to cut VAT in the hospitality and tourism sector.

BGC

Businesses in the sector, including casinos, will benefit from chancellor Rishi Sunak’s decision to cut VAT from 20% to 5%, from 15 July until 12 January 2021.

Firms will also earn £1,000 ($1,259) for every staff member kept on for three months, when the furlough scheme ends in October.

While the BGC was pleased with the announcements, it added casinos are “standing by” to aid the UK’s economic recovery, provided they can reopen their doors later in July. In late June, casinos were left off the list of businesses that could open from 4 July.

But BGC CEO Michael Dugher has reiterated that casinos are ready and waiting, with COVID-19 prevention measures having already been implemented in venues.

Dugher said: “The Chancellor’s decision to cut VAT for the hospitality and tourism sectors for the next six months will potentially be an enormous boost for bingo halls and casinos.

“However, to take advantage of this new policy, casinos must be given the green light to reopen as quickly as possible in July. They can reopen safely and it’s time now to let them do so.”

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...