By SectorWire desk ·
The Betting and Gaming Council estimated that illegal platforms took more than £8m in bets on the Betfred St Leger Festival. The festival marked the race’s 250th anniversary.
For regulators, the council’s estimate places illegal betting on the Betfred St Leger Festival above £8m.
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The potential tax change could affect jobs and betting-shop and casino operations across the UK.
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 Betting and Gaming Council is urging UK government action to disrupt illegal gambling networks.
EGBA’s leadership passes from Maarten Haijer to interim secretary general Pierre Tournier, who previously held senior gambling association positions.