The Betting and Gaming Council has welcomed the latest news of non-essential UK retail companies, including street betting stores, main lotre togel being eligible to seek direct financial assistance up to £6,000 each (BGC). Once again, the UK Government has urged the trade agency which represents the local gambling sector to continue the rate relief for another year.
New grant scheme
Ahead of President Rishi Sunak’s overall budget speech on March 3, the details of the grant framework and additional details were announced. At the date of the speech, the latest grant programme for overall £5 billion to help England’s highway operations rebound from the detrimental effects of long pandemic coronavirus closures is scheduled to reveal Mr Sunak.
As became apparent, almost 700,000 betting shops, hotels, pubs, gyms, hair salons and other activities in England will be eligible to register for ‘restarging grants’ which the local councils are scheduled to deliver directly to firms by April 2021. The new monthly grant scheme is to be supplemented by financial aid.
Due to the direct cash assistance of up to £6,000, so-called non-essential supermarket companies will be able to resume operations again as soon as the Government is required to. Accommodation, hospitality, spa, personal care and entertainment companies in England will have the potential to register for an on-site financial boost of £18,000.
Significant losses due to closures of the coronavirus
The trading group for the UK gaming industry is awaiting to learn more about the above-mentioned grants but appreciated the government’s support for its companies. Yesterday, a spokeswoman for the Betting and Gaming Board, on behalf of the BGC, accepted the grants and said that the funds would help independent betting operators alleviate some of the burden to which they have been subjected for months due to the Covid-19 pandemic.
At the time of the provision of information on the government’ s agenda to ease lockout action about a week earlier, Prime Minister Boris Johnson had date to reopen in England. As previously stated by Casino Guardian, the 2nd phase of the initiative has involved non-essential retail firms, including high-street betting companies. On April 12th, they will start again if the vaccine rate rises and there is a sufficient decrease in the number of active cases around the world.
Helping retail gaming companies
BGC CEO Michael Dugher spoke to Mr Sunak in advance of his budget speech, requesting him to look at further funding for high-street betting and extending the relief of business rates for a further year so that local casinos and betting shops can benefit from the damage they have experienced as a result of their long closures. Mr Dugher says such a move would allow retail players to secure the employment of their workers and eliminate significant financial burden.
The number of national and provincial lockdowns that licenced betting shops around the country experienced a major negative effect over the past year and the industry’s sales were down 45% by 2020.