The British gaming sector, as represented by the Betting and Gaming Council (BGC), has expressed its backing for the government’s plan for economic revival. They are poised to make investments, generate employment opportunities, and contribute substantially to tax income.
Nevertheless, Michael Dugher, the head of the BGC, has encouraged the government to exercise prudence during its forthcoming evaluation of the gambling industry. He emphasized that any modifications should steer clear of endangering the sector’s contributions to the national economy. In essence, they are advocating for a measured strategy that doesn’t suppress the regulated marketplace.
The legal gambling sector believes it is well-situated to assist Chancellor Rishi Sunak in restoring the country’s finances following the pandemic, particularly by alleviating the strain on public expenditures.
The BGC has also pledged to establish 5,000 apprenticeships through the government’s “Plan for Jobs” program. Moreover, operators will actively engage in the “Kickstart Scheme” and offer recruitment initiatives for graduates.
However, given the constant threats posed by illicit gambling operations, the BGC stresses that any new regulations must be grounded in evidence and should not compromise the economic advantages offered by the regulated industry.
“Our members are prepared, eager, and capable of playing their role in bolstering the Chancellor’s economic recovery strategy post-pandemic,” stated Dugher.
“They already furnish tens of thousands of top-tier tech positions throughout the UK and produce billions for the Exchequer. Furthermore, we harbor ambitious plans to invest even more in the years ahead, creating additional high-quality, highly skilled jobs in communities across the UK, aiding in the pursuit of nationwide economic balance and realizing the Government’s aspirations for a globally prominent Britain.”
The gaming sector plays a crucial role in the United Kingdom, bolstering athletic endeavors, nearby populations, employment opportunities, and yielding substantial fiscal contributions. We cannot permit its erosion by the Gambling White Paper and its well-meaning yet ultimately impractical regulatory adjustments.”
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