The Betting and Gaming Council has slammed a Peers for Gambling Reform report published today, with chief executive Michael Dugher arguing its assessments are “economically daft” and the work of “prohibitionists”.
The report acts as a follow-up to the “Gambling Harm – Time for Action” report first published in 2020, in which peers proposed changes such as stake limits and a ban on gambling sports sponsorship. The new document – through research by Nera Economic Consulting – attempts to work out the economic impact of those reforms.
According to today’s report, the regulatory reforms proposed would see gaming industry profits reduced by up to £974m, but would see the money diverted to other sectors, which the report argues would boost the economy more than gambling spend.
