Tag Archives: Betting and Gaming Council (BGC)

Football Index addresses investors on losses distribution

Football Index has released a statement addressing the distribution of lost finances to its customers, two months after the operator entered administration. Begbies Traynor, the insolvency practitioner of Football Index’s parent company BetIndex, initially began to process customer claims against the company in April. The claims process was available to all users of the football player trading platform, including those …

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Paddy Power reopens English and Welsh betting shops

Flutter Entertainment’s Paddy Power has announced the reopening of its English and Welsh high street betting shops, although Irish outlets will remain closed. Setting out social distancing measures and COVID-19 safety guidelines, only two gaming machines will be operational in each outlet whilst a maximum capacity of eight customers has been established. Bettors can only visit a shop for no …

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‘Another step towards normality’ as Scottish betting shops reopen

Scottish retail betting shops are reopening their doors to customers today (26 April) after four months of inactivity due to COVID-19 lockdowns. The safe reopening of Scotland’s high street betting outlets has been described as ‘another step towards normality’ for the industry, its employees, bettors and the British economy in general by Michael Dugher, Chief Executive of the Betting and …

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BGC: Betting retail reopening ‘great news’ for industry and economy

 Michael Dugher, Chief Executive of the Betting and Gaming Council (BGC), has described the reopening of the retail betting sector as ‘great news’ for both the industry and the UK economy. Under the UK government’s four-stage plan for the easing of national lockdown restrictions in England and Wales, around 6,000 retail bookmakers will unlock their doors and resume trading for the first time …

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UK Ministers to launch Football Index probe

UK government Ministers are reportedly planning to launch an investigation into the collapse of ‘football player trading exchange’ Football Index. The Times reported that legislators are ‘deeply concerned’ by the collapse of the operator, after users lost over £100 million following its crash into insolvency. “This case further reinforces the need for our comprehensive review of gambling laws,” a government …

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Betting industry’s sports contribution highlighted in BGC report

A recent report commissioned by the Betting and Gaming Council (BGC) has focused on the financial contribution made by the industry to the UK’s sports sector and the wider economy. The study, conducted by Ernst & Young, highlighted the £40 million received by the English Football League (EFL) and its clubs from the industry, in addition to over £10 million …

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GBGB’s Mark Bird reiterates commitment to greyhound welfare

Mark Bird, Managing Director of the Greyhound Board of Great Britain (GBGB), has confirmed the standards body’s commitment to greyhound welfare, welcoming the launch of a new Betting and Gaming Council (BGC) initiative. The MD praised the recent announcement that all BGC members taking bets on greyhound racing will pay into the British Greyhound Racing Fund (BGRF), generating an additional …

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Entain requests rent cuts to assist retail bookmakers

Entain has written to landlords requesting rent cuts ahead of the reopening of the UK’s retail betting sector, which has faced significant financial constraints over the past year. The group currently operates over 3,000 licenced betting shops in over 30 different countries, but the request has only been extended to landlords with leases due to expire within the next two …

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YGAM enters educational alliance focused on ethnic minority groups

YGAM has entered a new alliance with Red Card and TalkGen, focused around safeguarding young people from ethnic minority backgrounds from gambling related harm. In collaboration with Clearview Research, the ‘Preventing Gambling Harms in Diverse Communities’ educational initiative aims to deliver workshops to young people aged 14-24 from ethnic minority groups in Greater London and the Home Counties, as well …

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UKGC warned over Football Index ‘pyramid scheme’ in January 2020

The UK Gambling Commission (UKGC) allegedly received a warning regarding betting exchange Football Index in January 2020, describing the website as a ‘dangerous pyramid scheme’. According to The Guardian, a document was sent to the UKGC, notably highlighted issues surrounding Football Index’s dividends, which it argued resembled the activities of a pyramid scheme. The report estimated that in January 2020, …

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