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BGC criticises UK online gambling tax increases in new Budget

Regulation

The Betting and Gaming Council criticised the UK government’s announced increases to online gambling taxes in its new Budget, according to the report. Chief executive Grainne Hurst said the BGC welcomed no tax rise for land-based gambling and the removal of bingo duty, but argued the online increases could harm jobs, investment and consumers and encourage illegal gambling.

The proposed tax changes could affect the cost base and competitive position of regulated online gambling operators in the UK.

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Regulation

BGC criticises UK Gambling Commission’s financial risk assessment plans

The Betting and Gaming Council criticised the UK Gambling Commission’s planned financial risk assessments for higher-spending customers. Chief executive Grainne Hurst said questions remain about data reliability, consumer effects and how the checks will work, and argued that the Commission has not published a full evaluation of its pilot. The Commission has announced working groups to support implementation, according to the report.

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