The Betting and Gaming Council (BGC) has called on the UK’s next prime minister to tackle rising energy prices that could have a potentially “devastating” impact on the land-based gambling sector.
Energy prices in the UK have risen significantly in recent months, but the bill’s price cap is expected to rise again in the fall and next January, with businesses facing an average price increase of around 300% over existing tariffs. reported to be facing
BGC chief executive Michael Dugher has warned that if these price increases go as planned, they could hurt land-based gambling businesses across the UK and lead to job losses.
There are approximately 6,500 gambling establishments and 121 casinos in the UK, directly employing 44,000 people. But over the past five years, he said, more than 200 licensed gaming establishments have closed, and that number could rise if the government doesn’t take action against rising energy costs, Dugher said. I’m here.
“The cost of simply doing business is rising exponentially,” says Dugher. “If urgent action is not taken soon, continued energy price increases could have devastating effects across the hospitality and leisure sector, including damage to members.
“Casinos are a key pillar of the hospitality and tourism sector in cities and towns across the UK. We are in crisis.”
Meanwhile, bookmakers who play a key role in Britain’s tough boulevards face similar challenges. In short, businesses that host customers in their buildings must contend with this energy emergency.
The energy crisis comes amid continued delays in the white paper on UK gambling law. We have faced a series of delays in our quest to bring it up to date.
The recent resignation of Prime Minister Boris Johnson has further disrupted the process, with Conservative leadership elections underway to nominate his successor. Reports say the white paper will not be made public until a new prime minister is appointed.
