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BGC praises Labour government for ‘getting the balance right’

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Reinforcing its dedication to delivering a top-tier event experience, the upcoming SBC Summit Latinoamérica will host 4,000 delegates for exclusive networking opportunities, including an unforgettable night at the iconic Chase Stadium, home to Inter Miami.

Taking place at the Seminole Hard Rock Hotel & Casino from 29-31 October, the event will offer delegates the opportunity to explore cutting-edge industry innovations on the show floor, deepen their expertise through an extensive conference program, and build valuable connections with key industry stakeholders during daytime and evening networking events.

Rasmus Sojmark, CEO & Founder of SBC, remarked, “At SBC, we firmly believe that connections are the cornerstone of success, which is why networking has become one of the most valued aspects of our events.

“In the past, we’ve hosted networking events at iconic venues such as Benfica Stadium in Lisbon, Hard Rock Stadium, home of the Miami Dolphins and Red Bull Arena, home of the New York Red Bulls. Is it always necessary to rent an entire stadium? Perhaps not. But does it help our attendees feel valued and taken care of? Absolutely.”

Across the two core days of the event, delegates will have numerous opportunities to participate in daytime networking sessions. On Wednesday, 30 October, from 10:00 to 11:00, attendees are welcome to join the GGW breakfast at the F60 Refreshment & Lounge. Moreover, from 16:00 to 17:00, attendees can enjoy complimentary drinks at the ‘Networking Drinks Sponsored by IGP,‘ hosted at the IGP Booth (E50). On the final day, Thursday, 31 October, delegates are invited to the Networking Bar & Lounge (D40) from 15:00 to 16:00 for the ‘Networking Drinks Sponsored by Abelson Info.’ 

In addition to these dedicated industry meet-ups, the show floor will also feature a plethora of dedicated networking spaces for delegates to utilize for their own networking purposes.

Dedicated networking facilities include:

At the end of each day, attendees will have the chance to join exclusive evening networking events at prime locations across Miami. On Tuesday, 29 October, the official ‘Opening Party’ will feature a live DJ set, complimentary drinks, and canapés. Sponsored by Hub88, EveryMatrix, and Amusnet, the event will be held at the Daer Day Club from 7:00 PM to 1:00 AM.

On the evening of Wednesday, 30 October, delegates will have the exclusive opportunity to visit Lionel Messi’s home ground by attending the ‘Official Party’ at the Chase Stadium in Miami. Sponsored by Sportingtech, Betcris, and Pay4Fun, the event will run from 7:00 PM to 12:00 AM, offering attendees live entertainment, music, and complimentary food and drinks.

The event will conclude with the Halloween-themed, ‘Spooky Closing Party,’ hosted at Entice within the Seminole Hard Rock Hotel & Casino. From 9:00 PM to 2:00 AM, delegates can celebrate the final night of SBC Summit Latinoamérica with a live DJ set and complimentary drinks.

Additionally, the concluding evening will feature the final edition of the ‘SBC Awards Latinoamérica,’ a separately ticketed event held at the Terrace Ballroom, Seminole Hard Rock Hotel & Casino, from 7:00 PM to 11:00 PM. This prestigious event will honor the outstanding achievements of top brands and individuals across the industry, complemented by an exclusive champagne reception and a three-course meal.

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Please note that a separate ticket is required to attend the SBC Awards Latinoamérica ceremony. You can find the available table and ticket options here.

For groups of three or more, you can purchase the Group Pass gaining you access to both days of SBC Summit Latinoamérica for the discounted price of $400 per person.

Additionally, operators and affiliates can apply for free passes to the event. If you are an operator, you can apply for a free pass here, if you are an affiliate, you can apply for a free pass here.  

You can keep up-to-date with the latest news, speakers & exhibitor additions, and conference content by subscribing to the bi-weekly SBC Summit LinkedIn Newsletter.

The Betting and Gaming Council praised the government for ‘getting the balance right’ after the gambling industry avoided heavy tax rises in Rachel Reeves’ budget yesterday.

In what was the first Labour budget for almost 15 years, it was widely anticipated that following think tank lobbying in the run up to the red briefcase reveal, the gambling industry would feel the wrath of the Labour government, which raised taxes by £40bn. 

The decision however to avoid burdening the gambling industry with significant tax rises was praised by Stephen Hodgson, Deputy Group Tax Director at Entain as ‘a sensible decision’. He also backed the decision to launch a future consultation on reform of online gambling taxes.

The Betting and Gaming Council also backed the move with CEO Grainne Hurst, emphasising that ‘any duty rise would have hit customers, prevented growth, risked jobs and bolstered the unsafe, unregulated gambling black market’.

She added: “The Government has listened to the BGC and our members, got the balance right, and rejected calls from anti-gambling prohibitionists seeking to threaten jobs and growth.

“With policy for the sector already set, our members can look to support the Government’s ambitious growth agenda, generating tax, jobs and investment across the nation while continuing to support sports like horseracing.”

She did however warn that ‘while there have been no rises in gambling duties, we will study the impact that increased employers’ National Insurance contributions will have on BGC members, particularly smaller operators like independent bookmakers and land-based leisure operators, like casinos.”

Hurst added: “BGC members contribute £6.8bn to the economy, generate £4bn in tax while supporting 109,000 jobs.

“The regulated betting and gaming industry also provides some of the country’s most popular sport with vital funding.

“According to a report by EY commissioned by the BGC, horseracing benefits to the tune of £350m annually, the English Football League and its clubs receive £40m, and snooker, darts and rugby league receiving more than £12.5m.

“BGC members are working with the Government and the Gambling Commission to deliver the proposals contained in the White Paper, many of which we called for to raise standards.”

Nonetheless, Partner at Keystone Law and Gaming, Licensing and Regulatory Lawyer, Richard Williams took to Linkedin to warn that “In light of these proposals, it appears that remote gambling duty will be merged into a single tax in due course and at a single rate. 

“On the basis that the 21% rate of remote gaming duty is unlikely to be reduced, the most likely outcome is that remote betting/pool betting duty will also be increased to 21% of GGY in the not-too-distant future. 2025 is likely to be negative for the remote gambling industry, but for now, the feared duty increases have not materialised.”

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