BGC warns of “fantasy figures” in new Peers for Gambling Reform report

BGC warns of “fantasy figures” in new Peers for Gambling Reform report

The Betting and Gaming Council (BGC) has warned of the “fantasy figures” within a new report from the Peers for Gambling Reform.

The report, carried out by NERA Economic Consulting, assessed the economic effects of reforms to the British isles gambling market proposed by Friends for Gambling Reform very last yr.

Such reforms, in accordance to the report, would preserve the taxpayer among £68m ($96.3m) and £87m. It could also build up to 30,000 news employment, with employee earnings most likely expanding by up to £400m.

But the BGC, although welcoming the Government’s Gambling Critique, has claimed that any reforms need to be centered on severe proof, as opposed to the “fantasy figures” contained in just the Friends for Gambling Reform report.

“The aspiration of anti-gambling prohibitionists has usually been to in some way power individuals not to gamble or to gamble a lot less, just due to the fact they really don’t like betting,” stated BGC Chief Govt Michael Dugher. “A minority of friends may perhaps search down their noses at the millions of working men and women who get pleasure from a guess, but the reality is that the mind-boggling the vast majority do so properly properly.”

Dugher highlighted both the figures generated from the BGC and the dangers that the black sector could bring should really reforms be also strict on the controlled gambling field.

“The money aid our members have specified to athletics this kind of as horse racing, football, rugby league, darts and snooker has been a lifeline about the previous year, so the recommendation that a ban on sponsorship will do anything other than travel people to the black market is weird,” said Dugher.

“Furthermore, our members are investing £100m on analysis, schooling and treatment of problem gambling, as nicely as £10m on the Youthful People’s Gambling Harm Avoidance programme.

“If men and women ended up limited from betting in the controlled market, they would merely migrate to the developing unlicensed, unsafe black current market on the web that employs no 1, pays no tax and contributes nothing at all to British isles plc.”