Betting and Gaming Council (BGC), an industry standards body, has sent a letter to Rishi Sunak, Chancellor of the Exchequer, requesting to extend business rates relief to help unlock the British economy as it emerges. of the last confinement. The delegated administrations of Wales and Scotland were also asked to provide similar support.
BGC has reported that in the letter it establishes a five-point plan before the budget. In this regard, BGC CEO Michael Dugher says that the betting and gaming sector, which supports over 100,000 jobs, contributes £ 4.5 billion in taxes and generates £ 7.7 billion for the economy - is eager to play its part in the recovery.
Michael Dugher added: "It is our hope that the forthcoming Budget will be a springboard to recovery as the country begins to emerge from the Covid-19, unlocking the potential of our high street businesses to return to growth and job creation."
Likewise, he emphasized that the extension of the rate relief "would help protect jobs and remove a major financial pressure on businesses that have suffered a significant loss of income during the pandemic."
According to a press release from the BGC, the association representing the betting shops, online gaming, bingo and casinos reiterated its call to the Government to include them in the calendar to ease restrictions, data permitting, for betting shops to reopen in line with other non essential retail on 12 April, and for an end to the damaging 10 pm curfew on the night-time economy once casinos and other hospitality venues are finally allowed to reopen on 17 May.
After “a torrid year” in which total gross gambling yield for all betting and gaming fell by £ 1.7 billion in 2020, and a government-led review into the industry in full swing, the BGC also pushed for a period of stability and certainty, with no further increase in taxation or duties. While there has been an understandable increase in the gross gambling yield for online operators following the closure of the land-based sector, this has not been enough to prevent a significant decrease in the industry's total gross return.
On the other hand, Dugher also warned the pandemic posed a “serious financial challenge” to UK racing and urged the Chancellor - the MP for Catterick racecourse - to ensure that any future regulation of the betting and gaming sector did not undermine the essential support racing receives from betting.
READ LETTER FROM BGC TO RISHI SUNAK