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Jenningsbet Faces Closure Over Proposed UK Gambling Levy

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Title (SEO): Jenningsbet Faces Closure Over Proposed UK Gambling Levy

In a turbulent moment for the UK gambling industry, independent bookmaker Jenningsbet is sounding the alarm about its potential closure and job losses.

The cause of this dire situation is the UK government’s proposed mandatory levy on gambling revenue, aimed at funding research, education, and treatment for gambling harm.

Jenningsbet argues that this levy would severely impact its operations and its ability to continue its charitable activities.

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A Potential Blow to Community Bookmakers

Jenningsbet, with 100 branches and an online presence, asserts that if the mandatory levy is enforced, it would be left with no choice but to shutter its outlets and lay off staff. Moreover, this move would jeopardize the bookmaker’s ongoing charity work. The company contends that the current voluntary donation system is effective, while a mandatory fee would disproportionately burden independent bookmakers with high costs.

Vicky Knight, the Head of Safer Gambling at Jenningsbet, expressed her concerns on the Betting and Gaming Council website. She emphasized the role of independent bookmakers in supporting local communities, acting as hubs on high streets, and generating essential investments locally and nationally.

Independent Betting Shops in Decline

Knight noted a decline in the number of independent betting shops in the UK, from 696 in early 2019 to the current count of 536. These shops employ approximately 3,000 individuals and contribute significantly to business rates and tax revenues, with over £5.5 million in business rates and more than £25 million in taxes generated.

Jenningsbet’s impact extends beyond its own business, as it often serves as a catalyst for foot traffic to other local businesses. A study by ESA Retail found that 89 percent of betting shop customers combine their visits with trips to neighboring establishments, further underlining their importance to the local economy.

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The Proposed Levy and Its Impact

The government’s proposal for the levy involves a sliding scale, ranging from 0.4 percent of gross gambling yield for smaller bookmakers to 1 percent for larger ones. The Betting and Gaming Council estimates that 492 bookies belonging to 38 businesses will be affected by the 0.4 percent levy.

While the percentage might seem modest, independent bookmakers operate on thin margins, making it challenging for them to absorb the fee alongside other operational costs. Knight pointed out that it’s even more frustrating when considering similar sectors like Adult Gaming Centres and Family Entertainment Centres, which pay a lower levy of 0.1 percent, despite having comparable operating costs.

Moreover, Knight raised concerns about the National Lottery, which contributes a relatively small percentage to the levy compared to the overall sector’s contribution. She argued that independent bookmakers should not bear a disproportionately higher levy burden.

A Plea for Fairness and Balance

In conclusion, Jenningsbet and independent bookmakers like it are willing to contribute their fair share to the levy, just as they have for the past two decades. However, they urge the government to consider their concerns and ensure that reforms do not lead to store closures and employee layoffs. Balancing the need for funding with the sustainability of businesses is crucial to maintaining a healthy and responsible gambling industry.

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Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

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Dutch Regulator Intensifies Supervision in 2024 to Ensure Safe Gambling

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Dutch Regulator KSA’s 2024 Supervisory Agenda Targets Responsible Gambling

As a seasoned gambling professional, staying updated on regulatory agendas is crucial for navigating the ever-evolving landscape of the industry. The Dutch gambling regulator, Kansspelautoriteit (KSA), has unveiled its ambitious Supervisory Agenda for 2024, outlining strategic initiatives to reinforce responsible gambling practices and combat illicit operations. In this comprehensive guide, we delve into the key objectives set forth by the KSA, shedding light on the regulatory priorities shaping the Dutch gambling landscape in the coming year.

The KSA’s Supervisory Agenda for 2024 underscores its unwavering commitment to promoting responsible gambling and safeguarding consumer welfare. Central to its mission is the amplification of “Safe Play” measures, aimed at fostering a secure and transparent gambling environment for all stakeholders. With a renewed emphasis on regulatory oversight, the KSA aims to bolster its supervisory framework to address emerging challenges and uphold the integrity of the Dutch gambling market.

In its pursuit of regulatory excellence, the KSA will intensify its scrutiny of operators’ duty of care measures, emphasising the importance of proactive interventions to prevent problem gambling behaviours. By implementing a data-driven approach to risk-based monitoring, the regulator aims to identify and mitigate potential harm swiftly, ensuring that operators fulfil their obligations to prioritise player protection.

Furthermore, the KSA’s agenda for 2024 includes targeted measures to disrupt the supply chain for unlicensed online gambling. Recognising the proliferation of illicit operators, the regulator will employ investigative tactics to dismantle unauthorised gambling networks and hold perpetrators accountable. Through rigorous enforcement actions and collaboration with law enforcement agencies, the KSA seeks to root out illegal gambling activities and preserve the integrity of the licensed gambling sector.

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A key focal point of the KSA’s supervisory efforts will be the enforcement of advertising regulations, with a particular emphasis on safeguarding vulnerable demographics, including young people. In response to recent findings highlighting breaches in advertising standards, the regulator remains steadfast in its commitment to curbing irresponsible marketing practices and promoting socially responsible advertising within the gambling industry.

In a recent revelation, the KSA unveiled the results of its investigation into unlicensed gambling advertising, exposing widespread non-compliance among affiliate sites. Of the 33 gambling websites scrutinised, 14 were found to have flouted regulations, including targeting individuals who had self-excluded from gambling activities. Such violations underscore the urgency of the KSA’s enforcement efforts to curb illicit advertising practices and protect consumers from exploitative marketing tactics.

As the Dutch gambling landscape evolves, the KSA’s Supervisory Agenda for 2024 serves as a beacon of regulatory diligence and consumer protection. By prioritising responsible gambling initiatives and cracking down on illicit operators, the regulator reaffirms its commitment to fostering a safe, fair, and sustainable gambling environment for all. As industry professionals, it is imperative to align with the KSA’s vision and actively contribute to the advancement of responsible gambling practices in the Netherlands.

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