Compliance Updates
Betting and Gaming Council’s Response To Peers For Gambling Reform’s Report
Michael Dugher, the chief executive of Betting and Gaming Council (BGC), issued a statement as a response to recommendations of a recent report by Peers for Gambling Reform (PGR), an informal group of legislators with a common interest in gambling reform.
PGR had claimed in the report, based on the findings in its study that an overhaul of gambling would have a positive social effect on gambling in terms of employment, tax revenue and staff salary.
We reproduce here excerpts from BGC’s response.
“We welcome the Government’s Gambling Review and we are confident that Ministers will make sensible decisions for the future that are based on serious evidence, rather than the fantasy figures contained in this report.
“We 100 per cent committed to change and we hope that the White Paper will lead to a package of reforms that continue recent significant improvements in safer gambling.
“The dream of anti-gambling prohibitionists has always been to somehow force people not to gamble or to gamble less, just because they don’t like betting. A minority of peers may look down their noses at the millions of working people who enjoy a bet, but the truth is that the overwhelming majority do so perfectly safely. And the idea that somehow restricting betting would create more jobs is economically daft and frankly for the birds. This is the theory that if you closed the betting shops there would somehow be a boom in the sale of scented candles.
An authoritative report earlier this year by EY found that BGC members alone support 119,000 jobs, generates £4.5bn in tax to the Treasury and contributed £7.7bn for the UK economy in gross value added in 2019. This contribution will be vital as the Government tries to repair the nation’s finances in the wake of the pandemic.
“The financial support our members have given to sports such as horse racing, football, rugby league, darts and snooker has been a lifeline over the past year, so the suggestion that a ban on sponsorship will do anything other than drive people to the black market is bizarre.
“Furthermore, our members are spending £100m on research, education and treatment of problem gambling, as well as £10m on the Young People’s Gambling Harm Prevention programme.
“If people were restricted from betting in the regulated industry, they would simply migrate to the growing unlicensed, unsafe black market online that employs no one, pays no tax and contributes nothing to UK plc.”
-
Compliance Updates5 days ago
Cucacao Gaming Authority – AML Policy
-
Africa7 days ago
Soft2Bet takes its first steps into Africa with a multi-year Turnkey deal with media leader Channels TV
-
Australia6 days ago
Michael Fitzsimons Joins Tabcorp as Chief Wagering Officer
-
Eastern Europe7 days ago
Conquering Challenges: TotoGaming in Romania – 1 Year in the Market
-
Interviews7 days ago
Oliver Niner on his new Head of B2B role at PandaScore
-
eSports7 days ago
Melbet and Eternal Fire have formed a new partnership
-
Industry News7 days ago
NOVOMATIC is Set to Shine with Sparkling Highlights at ICE 2025 in Barcelona
-
Industry News7 days ago
Aristocrat Gaming and Aristocrat Interactive to Introduce the Latest Gaming Content and Solutions for the EMEA Market at ICE’s 2025 Barcelona Debut