By SectorWire desk ·
BGC chief executive Grainne Hurst has invited Meta and Google to work with the trade body against illegal gambling. The BGC and its members made the approach through an open letter.
The invitation seeks technology companies’ participation in the BGC’s response to illegal gambling.
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Any change to machine gaming duty could affect Category B machine operators and the high streets where their venues operate.
The request concerns tax rates affecting betting shops and other businesses with category B machines.
The proposed ban could change how licensed gambling operators advertise in the UK.
The proposed 40% rate could expose betting shop operators to closures and job losses, according to the modelling cited by the BGC.
The forecasts underpin the BGC’s opposition to higher betting taxes and its calls for stronger action against unlicensed operators.
The KSA is keeping legal action available if voluntary measures against illegal gambling adverts prove insufficient.