The Betting and Gaming Council (BGC) has called on the UK government to help the country’s gambling businesses survive COVID-19.
In an official press release, the organisation pointed at the financial risks for both online and land-based entities.
Online businesses ‘not immune’
While the statement mainly spoke about retail operators, the BGC also pointed to online business’ need for support too. In particular, the council mentioned the strain that cancellations to sporting and horse racing events could have.
The likes of Flutter Entertainment and GVC have said that their revenue could be affected by the current situation. However, Better Collective believes that it can still hit its financial targets for 2020 – as it revealed in a recent business update.
The BGC is worried about employment stability
The BGC released its statement following the Prime Minister’s advice to avoid social gatherings and crowded places.
The council stresses that safety is a top priority. However, it also said that the government must provide support for the strain that a lack of activity will cause.
Among its proposals, the BGC wants companies to be helped with employment costs.
Michael Dugher, BGC Chief Executive, had the following to say about the current situation.
“Like all other parts of the hospitality, leisure and entertainment industries, the immediate priority for the future of our members in the casino, bingo and betting industry is the ability to pay staff.
“We urgently need temporary government support to help cover payroll costs, relief and time to pay duties and taxes, as well as access to finance. Treasury in particular need to step up and understand that insurance simply doesn’t cover the impact of a pandemic.”
He continued by saying that the BGC is in dialogue with the country’s politicians.
“We are speaking with the Government to ensure they are fully aware of the crisis facing our members and discussing the steps necessary to help the leisure industry and their staff through this incredibly challenging period.”
