BGC asks the new PM to fix the crisis of energy prices
The Betting and Gaming Council in the United Kingdom is urging the coming PM to do something about the prices of energy as it is having an effect on gambling.
During the past few months the prices of energy in the United Kingdom grew a lot, and it is known that the prices will increase during this fall and at the beginning of next year. At the same time, enterprises are currently facing an average cost growth of 300% compared to current rate.
According to the chiefs executive officer of BGC, Michael Dugher, if the prices go up it will definitely damage the land-based gambling and cause job losses.
The country has almost 6 thousand, 5 hundred betting shops and a hundred and twenty casinos with 44 thousand workers in this field. Although during the last few years over two hundred betting shops were closed. So in accordance with the CEO this number has the potential to increase.
“The price of doing business keeps growing and if actions won’t be done against it, it might have a catastrophic effect on the business. Casinos are part of the hospitality and tourism in our country. They have been having hardships to recover from the pandemic as well and at the moment they are facing this problem.”
The problem with energy is the results of the white paper’s delay which is caused by the current events in the government, especially the reign of former PM.
Furthermore, bookmakers are also facing similar problem.