BGC & Labour Government unite for economic progress & safer gambling practices

Jade Denosta July 9, 2024

SiGMA news

BGC & Labour Government unite for economic progress & safer gambling practices

The Betting and Gaming Council (BGC) has announced its support for the Labour Party led by Sir Keir Starmer, following their victory in the general election held on 4 July, defeating the Conservative party in a Landslide victory.

The BGC is optimistic about Starmer’s plans to enhance Britain’s betting and gaming industry. Before the election, the new government had pledged to collaborate closely with the industry to improve responsible gambling standards, aiming to strengthen their members’ position as leaders in the betting and gaming sector.

Regulatory changes and economic contribution

In response to the unveiling of the White Paper in 2023, the UK’s regulated betting and gaming sector was in the process of undergoing important regulatory changes. The BGC has publicly proclaimed its commitment to incorporate evidence-based and fair recommendations outlined in the White Paper to elevate the industry’s standards and establish a regulatory framework in order to help economic growth.

The betting and gaming industry in the UK is a huge contributor to the economy, creating 110,000 jobs and generating £4.2 billion (€4.9 billion) in tax revenue. In addition, it drives £7.1 billion (€8.3 billion) into the economy. BGC members also play a crucial role in funding sports such as the English Football League, horseracing, snooker, darts, and rugby league.

“The BGC had long treated Labour as a Government in waiting, working closely with shadow ministers in recent years, on behalf of our members and their millions of customers.” said Micheal Dugher, Betting and Gaming Council Chair.