UK’s last week’s election saw the Labour party win with a landslide majority over the Conservatives, meaning a return to power for the first time since 2010.

Since then, The UK’s gambling industry has experienced change in both land-based and online gambling and was in the process of catching up with innovations in both verticals through the white paper, which Labour supported, until the general election stalled its progress.

Labour’s manifesto expressed commitment to reducing gambling harm and willingness to reform the gambling regulation framework strengthening protections.

Now that the election is concluded, members the Betting and Gaming Council, the UK’s main gambling industry lobby group, as said, are currently in the midst of the biggest regulatory changes in a generation following the publication of the white paper and are in much need of political certainty which would allow them to plan and invest for a sustainable future.

Hopefully, by working with the Labour party, the BGC will be able to implement the evidence-based, proportionate, regulatory changes outlined in the white paper.

Significant from this point of view is the appointment of Lisa Nandy as the new Secretary of State for the Department of Culture, Media and Sport which has declared that the gambling industry and the ongoing white paper reform will feature among a wide remit of priorities on her agenda.

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Quelle: Chevron Consultants