Tag Archives: HM Treasury

UK tax rebate helps Inspired recover its 2020 financial performance

Positive Q4 trading has helped Inspired Gaming to recover its financial position against COVID-19 headwinds – yet the company maintains diligence of market-by-market developments impacting its commercial pipeline.  Publishing its Q4 trading statement, Inspired revealed that ‘Peak October’ trading had seen the company register group revenues of $72 million – up 8% on corresponding Q4 2019 results of $66 million. …

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BGC praises relief focused Budget

The Betting and Gaming Council (BGC) has joined wider leisure and hospitality trade bodies in welcoming Chancellor Rishi Sunak’s COVID business support and economic measures.  This lunchtime’s Budget announcement saw the government extend its much-needed rates relief on highstreet retail and hospitality venues – a decision welcomed by the BGC on behalf of England’s betting shops. Also positively received was …

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BGC demands reopening guarantees and no tax rises ahead of crucial budget 

The Betting and Gaming Council (BGC) has joined wider UK industries in calling for the HM Treasury to extend business rates relief and help the economy emerge from lockdown.  UK business currently waits for Chancellor Rishi Sunak to present his spring statement on Wednesday 3 March, when he will announce the Budget proposals for 2021, outlining the fiscal measures and …

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BGC welcomes reopening of Scottish betting shops

Hundreds of Scottish betting shops are set to reopen their doors, a move which has been welcomed by the Betting and Gaming Council (BGC). Since the strictest Level 4 COVID-19 restrictions were imposed by the Scottish government three weeks ago, approximately 400 betting shops – half of Scotland’s total – were told to close their doors. The decision to move …

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Casinos demand hospitality rescue package as Sunak’s measures fall short

The Betting and Gaming Council (BGC) believes that Chancellor Rishi Sunak and the HM Treasury must form an emergency rescue package to save thousands of jobs in the leisure and hospitality sector which are currently under threat due to the government’s new COVID-19 public restrictions. The BGC made its statement following Chancellor Sunak’s address to the House of Commons, in …

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BGC: Treasury must face economic realities and allow casinos to reopen  

As UK businesses wait for Chancellor Rishi Sunak to issue his ‘summer statement’ tomorrow, the Betting and Gaming Council (BGC) has continued to pressure the government to reopen casinos this July. Branded as a ‘critical mini-budget’, Sunak’s statement will underline vital business grants, industry subsidies and workforce schemes to help boost the UK’s economic recovery from COVID-19’s aftershocks. Writing to …

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BGC: UK casinos need a guarantee of July reopening 

The Betting and Gaming Council (BGC) has called for ministers to guarantee the reopening of UK casinos in July to avoid industry job losses. BGC CEO Michael Dugher re-emphasised that UK casinos had undertaken all necessary steps to ensure that venues are ‘covid proof’ and able to reopen safely in July, with the majority of UK leisure and hospitality businesses. …

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John O’Reilly: UK government needs to act now to avoid casino job losses

John O’Reilly, Chief Executive of Rank Group, has stated his disbelief at the UK government refusing to allow England’s casinos to reopen on 4 July, as previously anticipated and prepared for by licensed operators. Rank’s CEO branded the government’s latest easing orders on leisure and hospitality venues as ‘baffling’ and ‘incoherent’, with the government allowing England’s bingo venues to reopen …

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UK betting commits to new ‘five core’ safer gambling measures

Chief Executives from a number of UK betting companies have signed up to a new package of safer gambling commitments, which will place a focus on mitigating the associated risks of gambling.  The CEOs from Aspers, bet365, Caesars, Flutter Entertainment, Genting, GVC Holdings, Playtech, Rank Group, Sky Betting & Gaming and William Hill have all committed to the new set …

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Winning Post – Why time is of the essence for UK Parliament

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. UK: Regulation – Where’s the Harm? The publication this week of Britain’s first reporting framework for gambling-related harm offered a glimpse of future public policy debates – and set out a number …

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