The British gaming sector, as represented by the Betting and Gaming Council (BGC), has committed to backing the government’s plan for economic revival. They are poised to make investments, generate employment opportunities, and make substantial contributions through taxation.
Nevertheless, BGC Chief Executive Michael Dugher has called upon the government to exercise prudence in its evaluation of the gambling sector. He cautions that overly burdensome regulations could severely weaken the legal gaming industry within the UK.
The industry believes it is well-situated to assist Chancellor Rishi Sunak in restoring public finances following the pandemic and mitigating the cost of living difficulties.
As a testament to their dedication, BGC members have committed to providing 5,000 apprenticeships through the government’s “Plan for Jobs” program. Gaming companies have also joined the “Kickstart scheme” and are extending graduate recruitment initiatives.
The BGC stresses the importance of regulations grounded in evidence, warning that any new rules should not undermine the economic benefits provided by its members, particularly in light of the constant threat posed by illicit gambling.
Dugher reaffirmed the industry’s dedication, stating, “Our members are prepared, eager, and capable of playing their role in the economic recovery following the pandemic.” He underscored the thousands of technologically advanced jobs the industry supports throughout the UK and the billions in income produced for the Exchequer.
Looking towards the future, Dugher emphasized intentions for continued investment, especially beyond London, to establish more high-caliber jobs and contribute to a well-rounded economic recovery.
The gaming sector plays a crucial role in the United Kingdom, bolstering athletic endeavors, nearby populations, employment opportunities, and generating substantial tax income. We cannot jeopardize its success with this Gambling White Paper and its well-meaning yet ultimately impractical regulatory adjustments.”
