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BGC urges UK government to rule out further gambling tax rises

Regulation

The Betting and Gaming Council (BGC) urged the UK government to rule out further tax increases, citing job cuts announced by bet365. The group said higher taxes risk reducing jobs and investment and could benefit the unregulated market. It said bet365 is among Stoke-on-Trent’s largest employers and that hundreds of job losses would affect the local economy.

Further tax decisions could affect regulated operators’ employment and investment, according to the BGC.

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Regulation

BGC seeks UK talks on gambling taxes, regulation and illegal betting

The Betting and Gaming Council said it wants to discuss sector taxation, regulation and illegal gambling with the UK Government. The trade body said financial-risk checks should rely on accurate data and warned that unresolved concerns could drive customers towards illegal platforms; it cited 109,000 jobs, £6.8bn in gross value added and about £4bn in annual tax contributions from the regulated sector.

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