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Betting and Gaming Council Vows to Back UK Economy, But Warns Against Anti-growth Tax Rises and Regulations
The UK Betting and Gaming Council (BGC) vowed to back the economy by delivering on the Government’s economic plan of “Enterprise, Education, Employment and Everywhere”, but warned against measures which would threaten growth, jeopardise jobs, or undermine the customer experience for millions of punters.
The regulated betting and gaming industry already makes a huge economic contribution throughout the UK, with a recent report by EY revealing BGC members support 110,000 jobs, generate £4.2bn in tax and contribute £7.1bn to the economy in gross value added.
They also help fund horseracing to the tune of £350m through sponsorship, media rights and the betting levy, provide £40m for the English Football League and its clubs and millions more for rugby league, darts and snooker.
This year’s Budget (WEDS) comes during Cheltenham Festival – one of the biggest weeks in the regulated betting and gaming industry’s calendar – where millions of punters will responsibly enjoy a wager.
Around 274,000 will attend Cheltenham, generating an estimated £274m for the local economy, while an estimated £1bn will be staked across four days of racing.
Punters can enjoy an expected 20 hours of live coverage across the week, with around one million viewers expected per day, and a peak during the Gold Cup on Friday after 1.6 million tuned in last year.
However, that contribution, and the experiences of millions of punters like those at Cheltenham, could be placed at risk by any new tax rises or proposed reforms to betting laws expected to be set out in a White Paper in the coming weeks.
Aside from ongoing regulatory upheaval facing this sector, all businesses – including BGC members like betting shops, bingo and casinos – are trying to rebuild following a series of major economic blows. Those include slower than expected recovery from the global pandemic, the economic impacts sparked by Russia’s illegal invasion of Ukraine, growing energy costs, near double digit inflation and long overdue reform of business rates.
Michael Dugher, CEO of BGC, said: “The regulated industry already plays a huge role in the UK economy, and we are keen to go further and contribute even more. But in order to deliver on this ambition, we need a pro-business budget, no new tax rises and a balanced gambling White Paper that protects the vulnerable while not spoiling the customer experience of the majority who bet perfectly safely.
“Our industry includes world-leading British tech, as well as businesses supporting high street retail, plus those in the hospitality, tourism and leisure sectors. Ministers should be protecting investment and jobs at this challenging time. We want to see big changes that will further strengthen safer gambling, but new taxes and draconian regulations will put businesses at risk.
“We need to see long overdue changes to help land based casinos in particular with their recovery. And we need to stop intrusive, blanket low level ‘affordability checks’, such as those called for by the anti-gambling lobby, which only serve to drive customers to the unsafe, unregulated black market online where there are none of the safer gambling protections that exist in the regulated industry and where not a penny is paid in tax to the Exchequer.”
Midjiwan, the award-winning independent studio behind The Battle of Polytopia has today announced The Polytopia World Championship with a prize pool of $10,000 USD and a live final broadcast from Stockholm.
The Polytopia World Championship is set to launch this fall, uniting players from across the globe in an epic showdown of fast-paced strategic mastery. The tournament will be themed to Battle of the Tribes. Players will choose to compete with one of Polytopia’s 12 in-game tribes; each with a unique regional theme and skillset.
The tournament will begin with open qualifiers, giving everyone a chance to prove themselves. From there, players will advance through tribe-specific playoffs and head-to-head elimination rounds, each match bringing them one step closer to glory.
The top six players will earn a spot in the live finals in Stockholm on December 6: an in-person event streamed online for fans worldwide. In addition to live commentary of the tournament, the fan event will also provide behind-the-scenes content from the Midjiwan team.
The winner will be awarded a prize pool of $10,000; making this tournament the biggest competitive event in The Battle of Polytopia’s nine year history.
Christian Lovstedt, CEO of Midjiwan AB, commented: “This marks a major new step for Polytopia’s competitive scene, featuring a fresh tournament format and enhanced broadcasting that makes it even more exciting for viewers to watch, learn, and get inspired by the world’s top players.“
The matches will be played on the Polytopia Official Space on the Challengermode esports Platform.
The planned dates are:
September:
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Sep 13–14
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Sep 20–21
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Sep 27–28
October:
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Oct 4–5
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Oct 11–12
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Oct 18–19
November:
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Oct 25–26
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Nov 1–2
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Nov 8–9
Nov 22–23
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Faceoff
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Final Qualifier
Dec 6
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World Championship Live Event
The post THE BATTLE OF POLYTOPIA ANNOUNCES GLOBAL WORLD CHAMPIONSHIPS WITH $10,000 PRIZE POOL appeared first on European Gaming Industry News.
SA Gaming is thrilled to announce the launch of Ultra Roulette! It is a thrilling new twist on traditional Roulette! Instead of giving a fixed payout like traditional Roulette offers, Ultra Roulette gives random numbers each round with “Ultra” bonus multipliers!
Ultra Roulette uses a single-zero Roulette, and comes with all available bet options offered in traditional Roulette – Split Bets, Street Bets, Corner Bets, etc. The biggest twist comes when the betting time ends – 1 to 5 random numbers will be assigned with a special multiplier known as an “Ultra” bonus multiplier, ranging from 50x to 1,000x – applied to straight bets only. This is truly a breathtaking experience as the payout is known after the countdown ends, giving unprecedented fun and excitement!
The post Electrifying twist on the traditional Roulette appeared first on European Gaming Industry News.
A brand-new industry-facing name has been announced: Wildz Group™, powered by award-winning iGaming platform Rootz. In recognition of industry developments and company growth, Wildz Group™ has formed, as a collective of leading gambling entertainment brands.
The name directly references the Group’s iconic online casino and sports superbrand, Wildz.
Highlighting Our Products
The new Group will contain the Rootz Platform, powering the six existing gambling brands – Wildz™ Casino, Caxino™ Casino, Wheelz™ Casino, Spinz™ Casino, Chipz™ Casino, and Tuplaus™ Casino – with some exciting new additions in 2025 and beyond.
The leadership team believes Wildz Group will be the catalyst for even greater growth with suppliers, business partners, and collaborators across the gaming industry.
The post Wildz Group: iGaming Industry Leaders appeared first on European Gaming Industry News.
THE BATTLE OF POLYTOPIA ANNOUNCES GLOBAL WORLD CHAMPIONSHIPS WITH $10,000 PRIZE POOL
Electrifying twist on the traditional Roulette
Wildz Group: iGaming Industry Leaders
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