Impacting work from the betting and gaming council

Bolts and nuts are coming loose in the responsible gambling vertical. And we mean that in the best case. Where we see some changes in some key names that will lead the safer and securer gambling drive forwards. And as we know, responsible gambling is now a leading product in the online and land-based casino world. And to keep the alternatives and tools sharp and free from undesirable contamination, fresh ideas and people need to get involved. In other words, changing the decision takers and important question makers are vital to keeping the subject alive. And the latest news from the betting and gaming council (BGC) tells us. But, unfortunately, and despite its well-deserved progress, the organisation still needs to fuel its tanks with high octane gasoline to be ahead of the industry. So, what’s the latest news from the BGC? Read more – Lucy Powell joins BGC.

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Lucy Powell joins BGC

New but old names to the BGC – Lucy Powell joins BGC

Indeed, the names might get recognised and some of the positions, where the BGC opens up their arms and welcomes Lucy Powell and Alex Davies-Jones. Where Lucy Powell will take on the responsibility as the shadow secretary of state in the department for digital, culture, media, and sport (DCMS). At the same time, Alex Davies-Jones will shoulder the burdens and duty as the shadow gambling minister. So naturally, Michael Dugher, chief executive of the BGC, commented on the facts by adding, in part. “Looking forward to working with both Ms. Powell and Ms. Davies-Jones as the Government continues its Gambling Review and prepares to publish its white paper in the coming months”.

Lucy Powell joins BGC – On the right track

Worth taking note of is the complete gear engineering that keeps the larger responsible gambling vertical alive and relevant. Where the mission statement from the BGC lifts wordings like high ethical standards, creating a culture of safer betting and gaming. Plus, it also puts enormous efforts no matter if you are a large or small operator or provider. And this includes operations like Bingo, casinos (online casinos and land-based casinos), and betting shops in the UK. Where the end-goal is to. “Create a culture of safer betting and gaming and build public and institutional trust in our world-class industry”. And if we lend our two cents, we would say that the BGC is almost halfway there already.

Size matters

Yes, in the gambling industry, what really matters is size. In fact, it takes just a couple of seconds to understand why the BGC is so influential. For instance, members of the BGC are names like LeoVegas, 888, and Kindred (32Red). Although, what really summarises the BGC and its powers is the following statement from Mr. Dugher. When he pointed out the organisations pushing strength, where portions of the words said. “On behalf of our members, who between them support 119,000 jobs, generate £4.5 Billion in tax and contribute £7.7 Billion to the economy in gross value added. I’d like to congratulate Lucy and Alex on their appointments”.

A trend worth getting hooked on

The rocket-propelled vertical, responsible gambling, is seeing new trends forming. And, what’s most impressive, is the relatively short time span it all happen. But, to keep the information streamlined and easily consumable, let’s keep it surface deep. Basically, in the “past year,” according to the BGC. The problem gambling rates. That, of course, includes an array of sections and sub-subject and nominators. Yet, all in all, it went from 0.6% to 0.3%.

The math on responsible gambling

If we do the math on reported numbers, it will look something like this. Roughly 45% to 47% of the UK adults do gamble. Also note, there is the majority of men placing or putting these bets down. Anyway, back to the math. Now assume that the UK has around 67.2 million people, which means approximately 31.6 million people use real money inputs, like casinos, online, and land-based to place bets. In contrast, 3% (948,000) of the mentioned player pool links to a responsible gambling issue. However, we need to say that the responsible gambling burden has fallen hard and unproportionate on the casino industry. And to anchor some reality to the remaining 3% to 6%, organisations like the BGC and similar institutions need to start looking at other contributing industries and business models in the UK.

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