BGC hails huge contribution of gambling industry to UK economy

The Betting and Gaming Council (BGC) has highlighted the “huge contribution” the gambling industry makes to the UK economy

The Betting and Gaming Council (BGC) has highlighted the “huge contribution” the play manufacture makes to the UK economy.

A write up published by Ernst & Thomas Young and commissioned by the BGC claims that betting shops, casinos and the online gaming sphere contributed £7.7bn ($10.6bn) in porcine value added to the UK saving inwards 2019, as wellspring as £4.5bn inwards taxes to the exchequer. The manufacture also supports 119,000 jobs.

The study also revealed that 374 betting shops and II casinos have got been forced to permanently secretive due to the pandemic, leading to the estimated red ink of 5,000 jobs.

It comes amid the ongoing Government retrospect of the 2005 Gambling Act, with the call for grounds due to add up to an finish on 31 Mar 2021. Ministers are then expected to create a whitened paper on futurity regularisation of the manufacture later this year.

Controls on gambling advertising, online stakes limits, and the powers of the Gambling Commission are all issues currently below consideration, among many others.

“At a time of economical fears and immense pressures on public finances caused past the Covid-19 pandemic, the vast contribution betting and gaming makes to UK plc could not be to a greater extent important,” said BGC chief executive Michael Dugher.

“As the standards personify representing the regulated industry, the BGC to the full supports the government’s Gambling Review positive the want for continued higher safer play standards and more convert to regulation. However, it is vital that the administration gets those changes redress and does cipher to pose at risk of exposure the future jobs and assess accept of a growing, world-leading Brits industry.”

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