UK Land-Based Gambling Operators Face Rising Costs
The Betting and Gaming Council (BGC), the UK’s single industry body for the gambling industry, has called for the Government to do more to mitigate the cost of living crisis as the hospitality and leisure industry is faced with increasing operating costs.
Britain is home to approximately 6,500 betting shops and 120 casinos, which collectively employ 44,000 people. They generate more than £4 billion for the economy each year and contribute roughly £2 billion in taxes.
However, businesses are facing a 300% increase in the cost of energy. The Rank Group recently released a report saying that the cost of energy in the UK could reach £46 million, a 100% increase from £23 million last year.
The cost of simply doing business is rising at an exponential rate. If urgent action isn’t taken soon, continued energy price increases could have a catastrophic impact across the hospitality and leisure sector, including hitting our members. Casinos are a vital pillar of the hospitality and tourism sector in cities and towns across the UK. Just like the rest of the hospitality sector they are struggling to build back after the global pandemic and now they face a new crisis.
The appeal from Dugher comes as the UK government is preparing for a change of leadership after Prime Minister Boris Johnson was forced to resign. A leadership race is currently taking place between Rishi Sunak and Liz Truss and both contenders have put forward plans to ease the crisis once the results of the contest are announced in September.