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

The report, carried come out by NERA Economic Consulting, assessed the economic impact of reforms to the UK play manufacture proposed by Peers for Gambling Reform shoemaker's last year.

Such reforms, according to the report, would economize the taxpayer 'tween £68m ($96.3m) and £87m. It could also make upwardly to 30,000 intelligence jobs, with employee earnings potentially increasing past up to £400m.

But the BGC, piece welcoming the Government’s Gambling Review, has claimed that any reforms must follow based on serious evidence, as opposed to the “fantasy figures” contained within the Peers for Gambling Reform report.

“The stargaze of anti-gambling prohibitionists has ever been to in some manner force people not to adventure or to adventure less, just now because they don’t similar betting,” said BGC Chief Executive Michael Dugher. “A nonage of peers may looking shoot down their noses at the millions of working people who savor a bet, but the verity is that the overwhelming legal age get along so perfectly safely.”

Dugher highlighted both the figures generated from the BGC and the dangers that the disastrous securities industry could wreak should reforms follow too strict on the regulated gaming industry.

“The financial living our members make given to sports such as gymnastic horse racing, football, rugger league, darts and snooker has been a lifeline over the past year, so the proffer that a ban on sponsorship will come anything other than thrust people to the fatal market place is bizarre,” said Dugher.

“Furthermore, our members are disbursal £100m on research, breeding and intervention of problem gambling, as substantially as £10m on the Thomas Young People’s Gambling Harm Prevention programme.

“If people were qualified from betting inward the regulated industry, they would simply migrate to the growing unlicensed, unsafe inglorious securities industry online that employs no more one, pays no more taxation and contributes zip to UK plc.”