Scottish retail betting shops are reopening their doors to customers today (26 April) after four months of inactivity due to COVID-19 lockdowns. The safe reopening of Scotland’s high street betting outlets has been described as ‘another step towards normality’ for the industry, its employees, bettors and the British economy in general by Michael Dugher, Chief Executive of the Betting and …
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BGC: Betting retail reopening ‘great news’ for industry and economy
Michael Dugher, Chief Executive of the Betting and Gaming Council (BGC), has described the reopening of the retail betting sector as ‘great news’ for both the industry and the UK economy. Under the UK government’s four-stage plan for the easing of national lockdown restrictions in England and Wales, around 6,000 retail bookmakers will unlock their doors and resume trading for the first time …
Read More »UK Ministers to launch Football Index probe
UK government Ministers are reportedly planning to launch an investigation into the collapse of ‘football player trading exchange’ Football Index. The Times reported that legislators are ‘deeply concerned’ by the collapse of the operator, after users lost over £100 million following its crash into insolvency. “This case further reinforces the need for our comprehensive review of gambling laws,” a government …
Read More »Betting industry’s sports contribution highlighted in BGC report
A recent report commissioned by the Betting and Gaming Council (BGC) has focused on the financial contribution made by the industry to the UK’s sports sector and the wider economy. The study, conducted by Ernst & Young, highlighted the £40 million received by the English Football League (EFL) and its clubs from the industry, in addition to over £10 million …
Read More »GBGB’s Mark Bird reiterates commitment to greyhound welfare
Mark Bird, Managing Director of the Greyhound Board of Great Britain (GBGB), has confirmed the standards body’s commitment to greyhound welfare, welcoming the launch of a new Betting and Gaming Council (BGC) initiative. The MD praised the recent announcement that all BGC members taking bets on greyhound racing will pay into the British Greyhound Racing Fund (BGRF), generating an additional …
Read More »Entain requests rent cuts to assist retail bookmakers
Entain has written to landlords requesting rent cuts ahead of the reopening of the UK’s retail betting sector, which has faced significant financial constraints over the past year. The group currently operates over 3,000 licenced betting shops in over 30 different countries, but the request has only been extended to landlords with leases due to expire within the next two …
Read More »YGAM enters educational alliance focused on ethnic minority groups
YGAM has entered a new alliance with Red Card and TalkGen, focused around safeguarding young people from ethnic minority backgrounds from gambling related harm. In collaboration with Clearview Research, the ‘Preventing Gambling Harms in Diverse Communities’ educational initiative aims to deliver workshops to young people aged 14-24 from ethnic minority groups in Greater London and the Home Counties, as well …
Read More »UKGC warned over Football Index ‘pyramid scheme’ in January 2020
The UK Gambling Commission (UKGC) allegedly received a warning regarding betting exchange Football Index in January 2020, describing the website as a ‘dangerous pyramid scheme’. According to The Guardian, a document was sent to the UKGC, notably highlighted issues surrounding Football Index’s dividends, which it argued resembled the activities of a pyramid scheme. The report estimated that in January 2020, …
Read More »DCMS urged to take immediate action on Football Index collapse
MPs from the All-Party Parliamentary Group for Gambling Related Harm (GRH APPG) have directed further criticism at the UK Gambling Commission (UKGC) regarding the collapse of betting exchange Football Index. Writing a letter to Culture Secretary Oliver Dowden, the group of legislators described the demise of the operator and the losses its customers suffered as a ‘scandal,’ and have cited …
Read More »Horse racing excluded from government’s spectator return schedule
Horse racing will not feature in the government’s schedule of 12 sporting events which will see the large scale return of spectators to venues. Crowds are due to return to horse racing on 17 May, during the third stage of the government’s planned schedule, which will begin on 15 May with the FA Cup final the debut event. Although the …
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