Tag Archives: Rishi Sunak

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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UK Gambling PLCs take centre stage on Budget week

UK gambling will be at the forefront of global business headlines and further M&A speculation this week as its ‘big-three’ PLCs declare their end-of-year results having navigated the events of an unprecedented 2020.    Opening the FTSE bell on Tuesday 2 February, Flutter Entertainment will publish its 2020 financial results, with City and Wall Street eyes eager to gauge the …

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BGC supports £6,000 per outlet ‘recovery grants’ but calls for further action

The UK government has announced that all non-essential services – including betting shops – will receive direct cash payments of £6,000 per site in ‘recovery grants.’ Chancellor of the Exchequer, Rishi Sunak, made the announcement ahead of the confirmation of the country’s national Budget this coming Wednesday. As part of the plans, a grant scheme totalling £5 billion will be …

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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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Affordability checks could have ‘devastating impact on sport’ says MP

Affordability checks could have ‘devastating impact on sport’ says MP

Conservative MP Laurence Robertson has expressed concern to the UK Gambling Commission (UKGC) about the potential ‘devastating impact’ of enhanced affordability checks on UK racing. The new affordability checks are currently being discussed in a consultation which will close tonight [9 February]. If introduced, the new regulations could enforce affordability checks once a customer has experienced a net monthly loss …

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PWC report highlights consumer ease and indifference towards black market threats

PWC report highlights consumer ease and indifference towards black market threats

A report commissioned by the Betting and Gaming Council (BGC), with the support of William Hill and Entain Plc, has provided evidence of black market threats to the UK’s gambling industry. The BGC commissioned ‘Big 4’ auditor PWC to undertake the ‘evidence-backed primary research’ on black market threats to the UK gambling sector. Findings indicate that although the number of …

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Sunak monitors Gambling Review closely

Chancellor of the Exchequer Rishi Sunak has raised direct concerns with the DCMS about further ‘enhanced affordability checks’ being imposed on bookmakers.  Reported by the Racing Post, local racing delegates of Sunak’s Richmond North Yorkshire constituency wrote to the Chancellor opposing a consultation proposal being reviewed by the UK Gambling Commission (UKGC). Forming part of the government’s ongoing review of …

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March to April 2020 in Review: Betting tackles its Covid trauma

March to April 2020 in Review: Betting tackles its Covid trauma

SBC recounts the traumatic months of March and April 2020, as the deadly coronavirus spread across Europe, leading to nationwide lockdowns and the cancellation of sports fixtures across the world. SBC – COVID-19 shocks signal that 2020 will be no ordinary year… As COVID-19 triggered what has been described as an ‘unprecedented’ situation, the betting industry was forced to enact …

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Betting awaits critical verdict on Northern restrictions

Betting faces yet another major blow this week after growing media speculation has suggested that betting shops and casinos will be forced to close their doors across the north of England. UK businesses await another tense week of Downing Street verdicts, with regards as to how the government will handle further covid restrictions seeking to avoid a further national lockdown.   …

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Winning Post – Flip-flopping Number 10 wants control of Gambling Act reforms

Regulus Partners observes odd Downing Street movements, as PM Boris Johnson seeks direct control of UK gambling reforms. Facing a daunting end-of-year schedule, ensuring that the UK economy can withstand a COVID-19 winter and Brexit fallout… Regulus asks why is Boris picking on gambling? UK: in Parliament – Casinos reel from ‘curfew’ as Johnson preaches morality “As flies to wanton …

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