Tag Archives: HM Treasury

Winning Post: UK Government silent on several key reviews

SBC News Winning Post: UK Government silent on several key reviews

Regulus Partners observes that the UK government has remained silent on several key reviews ahead of the pending publication of its White Paper on Gambling Review recommendations… As with Monty Python’s Spanish Inquisition, it is extremely hard to know when to expect key events in the government’s review of the 2005 Gambling Act. This week’s non-barking dog was the Government …

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UK tax rebate helps Inspired recover its 2020 financial performance

SBC News 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

SBC News 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 

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

SBC News 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  

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

SBC News 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

SBC News 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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