UK Betting and Gaming Council warns of energy crisis threat to leisure and hospitality

UK Betting and Gaming Council warns of energy crisis threat to leisure and hospitality

Article brief provided by SBC News
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  • Ted Orme-Claye, SBC News
  • Europe
  • United Kingdom
  • Commercial Casinos
  • Sports Betting

Soaring energy costs have hit the headlines for the past few months, and the Betting and Gaming Council (BGC) has highlighted the impact these could have on the hospitality sector.

Specifically, the betting and gaming trade association highlighted the difficulties faced by retail bookmakers and casinos, citing ‘news reports’ suggesting that these businesses are facing average increases of 300% under new energy deals.

Additionally, the BGC also cited the recent full year report from Grosvenor Casino operator Rank Group, which outlined energy costs as being a major burden throughout 2022 and being a key drag to its post-pandemic recovery, having increased from £13m in 2021 to £23m.