BGC Keen to Implement UK Retail Casino Modernization Plans
The Betting and Gaming Council (BGC), the gambling standards organization, has announced its support for the modernization of casinos outlined by the Department for Culture, Media, and Sport in the proposed Gambling Act changes in the United Kingdom (UK).
BGC backs proposals for UK Retail Casinos.
LISTEN TO THIS ARTICLE:The BGC states they believe the proposed changes are long overdue and some are necessary for the retail gaming industry to prosper in the future. These amendments are part of the ongoing consultations that are taking place with gaming industry stakeholders in the White Paper in the UK, before being turned into legislation.
The retail casino gaming sector is an important part of the UK economy, with the market employing more than 10,000 people. The gaming industry enjoys revenue of approximately £800m a year and a taxable levy of £300 million is raised each year to go towards the national economy in the UK.
Senior leadership at the BGC has expressed they are frustrated at the pace of the proposed reforms and want the changes introduced quicker so that gambling businesses can implement the changes and benefit from the new guidelines sooner.
Casinos are a vital pillar of the UK’s leisure, hospitality and tourism sector and we welcome the Government’s consultation response which is positive progress on the modest, long-overdue but mission critical modernisation reforms needed for the land-based casino sector to compete and thrive. Casinos currently employ more than 10,000 people, contribute £300m annually in tax and generate an estimated £800m a year to the UK economy.
More Business News
Land Based Modernization Issues
Some of the proposals for retail casinos in the UK include the introduction of a cashless payments initiative to be used at gambling venues. There are also proposals for amended allocations on gaming machines and the possible introduction of sports betting at casino locations.
There are proposed guidelines for players using debit cards on gaming machines to create a safe environment for customers at casino venues. The BGC has recently introduced a voluntary code for gaming companies to perform financial checks on customers.
As set out in the Gambling Act Review white paper, the measures we consulted on are therefore necessary to modernise the outdated and overly restrictive regulations that apply to the land-based gambling sector.
RELATED TOPICS: Business
Latest News
Most Read
Must Read
Interviews
Review this New Post
Leave a Comment
User Comments
Comments for BGC Keen to Implement UK Retail Casino Modernization Plans