The UK Government has declared a support package for workers in response to the threat posed to millions of jobs from the coronavirus. The Betting and Gaming Council (BGC) has hailed the Government’s unprecedented move since betting shops and casinos were ordered to shut down.
Previously, the BGC had requested the Government to intervene, the same way Spain and Denmark did by giving grants to support salaries and keep people in jobs.
The support package includes 80% of wages up to £2500 cap backdated to 1st March and initially opens for three months. The Coronavirus Business Interruption Loan Scheme would now be interest-free for twelve months. The package deferred next quarter’s VAT payments and gave support for the self-employed. BGC stated that all its members would fully cooperate with the latest rules introduced by the Government to fight the spread of the virus in the UK.
BGC chief executive, Michael Dugher, said that industry would highly cooperate with the Government’s latest move. He also said that they are determined to play their full part in this historic national effort to beat the virus. He confirmed they would be scrutinizing the package of measures announced by the Chancellor to ensure our members and their hardworking, valued staffs get the full benefit of this.
They will also be persuading the Chancellor to be consistent and do the right thing by giving them the same access to help on business rates than every other leisure business enjoys.
He also said that casinos and betting shops together support the majority of employment in the betting and gaming industry –about 64,000 jobs. Without the ability to generate revenue from football and horseracing, which account for 75 percent of the UK licensed sports betting market, these employment costs were simply unsustainable going forward. Dugher also said they are naturally sad to see their doors closed, and they hope that this decisive action taken by the Government will see the whole country come through this crisis.