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Betting and Gaming Council backs cooperation with Labour on reforms

Regulation

The Betting and Gaming Council (BGC) said it would work with the new Labour government on gambling regulation after the party's election victory. BGC chair Michael Dugher said work on reforms linked to the gambling White Paper would continue; the article identified a statutory levy, an ombudsman, online financial risk checks and revised online slot stake limits among potential measures.

The BGC’s commitment to work with Labour signals continued industry engagement with proposed UK gambling reforms.

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Regulation

BGC says possible MGD rise to 40% could put 16,000 UK jobs at risk

The Betting and Gaming Council says a possible increase in the UK’s Machine Games Duty to 40% could put up to 16,000 jobs at risk. It cites EY modelling that also estimates nearly 1,500 betting shops, up to 34 casinos and up to £124 million in Treasury revenue could be at risk. It was reported that the BGC asked the Government to rule out an MGD increase.

The Betting and Gaming Council (BGC) has said that a possible increase in the UK's Machine Games Duty (MGD) to 40% could put up to 16,000 jobs at risk, citing independent modelling by EY. The BGC, which represents the regulated gambling and betting industry in the UK, made the call ahead of the next Budget and asked the Chancellor to rule out any rise in MGD, to assess the effects of tax increases already introduced and to suspend a planned increase in General Betting Duty.

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