The Betting and Gaming Council (BGC) extends its congratulations to Thangam Debbonaire MP on her appointment as Shadow Secretary of State for Culture, Media, and Sport, as well as Stephanie Peacock MP, who has assumed the role of Shadow Minister for Sport, Gambling, and Media. These appointments come at a pivotal moment for the industry as it seeks to balance safer gambling measures with its economic contributions.
Clarification on Financial Risk Background Checks:
The BGC acknowledges the importance of conducting thorough financial risk background checks on bettors, as outlined in the Gambling White Paper. However, it emphasizes the need for these checks to be “frictionless.” The BGC is concerned about the potential negative impact of intrusive checks on the majority of responsible bettors. The organization has been collaborating closely with senior leaders in horseracing who share these concerns.
Focus on Safer Gambling:
Thangam Debbonaire and Stephanie Peacock’s appointments to the Shadow Cabinet reflect a commitment to advancing safer gambling initiatives. The BGC recognizes that striking a balance between consumer protection and industry growth is essential.
Low Problem Gambling Rates:
Compared to international standards, problem gambling rates in the UK remain relatively low, as confirmed by the independent regulator. Recent data from the Gambling Commission reveals that only 0.3% of the adult population are classified as problem gamblers. This highlights the effectiveness of existing regulatory measures in the UK.
BGC’s Industry Contribution:
Michael Dugher, CEO of the BGC, emphasized the vital role played by BGC members in supporting various sectors. Betting shops contribute to high streets, while casinos and bingo halls contribute to the hospitality, leisure, and tourism industries. Additionally, British tech companies in the online betting and gaming sector provide high-skilled job opportunities and establish the UK as a global leader in this field.
Supporting the Economy and Sports:
The BGC aims to contribute to the economy and public finances while ensuring that the industry continues to support popular sports such as football, horse racing, rugby, cricket, darts, boxing, and snooker. This dual commitment underscores the industry’s multifaceted contributions to both the economy and the nation’s favorite pastimes.
The Betting and Gaming Council extends a warm welcome to Thangam Debbonaire and Stephanie Peacock on their appointments to the Shadow Cabinet. These appointments come at a crucial juncture as the industry navigates the path towards safer gambling practices while sustaining its economic contributions and support for beloved sports. The BGC remains committed to finding a balanced approach that safeguards consumers and the industry’s future.