BGC Warns of the Impending Doom of UK’s Casino Industry
The UK’s Betting and Gaming Council (BGC) is now warning that the country risks losing part of its rich leisure and entertainment legacy for good unless the government acts quickly to reopen the casino industry.
Popular UK casino venues such as the London Hippodrome in the city’s West End and Les Ambassadeurs casino in Mayfair are among the top 100 casino venues in England that have expressed fears about their future. The worrisome report by the casinos came after the Prime Minister announced that all casinos will remain shut including those that had received a go-ahead by public health officials to reopen on 1st August.
In England for instance, casinos play a substantial role in being part of the world-class leisure and hospitality industry that help attract tourists in large masses from across the world. Recent industry data shows that casinos contribute to more than £300 million each year to the UK’s tourism sector. But then, because the English government has forced casinos to remain locked down for two more weeks, the BGC has cautioned that up to 6000 jobs are at risk of being lost. Even worse, this number will likely increase if support schemes by the government are retracted and casinos continue to remain shut.
In its cautionary statement, the BGC also called for the government’s Job Retention Scheme to be extended as casinos are now faced with an extra £14 million in costs after the red light on casino reopening. Each week the casinos remain shut, the expenses of running the gaming facilities are getting out of hand as the government has reduced furlough schemes. Casino operators are now being forced to pay National Insurance and pension contributions for their employees, even though they are not operational.