Gambling Business Group New Venture for Playtech

The Gambling Business Group welcomes their latest member, Playtech, to the bandwagon. The company recently signed up for the newest industry body in the United Kingdom which established their fiscal year in July. Gambling Business Group is an organization under the leadership of industry veterans Nick Harding and Peter Hannibal. GBG also shared their vision during their official launch last month of July. All in all, GBG has the goal to offer a “strategic voice” for all gambling operators in the UK. The organization also seeks to offer tribute to the different functions of industry bodies in today’s bookmaking world.  The addition of Playtech in the group is a huge plus since the company is one of the industry leaders in global gaming software development for the casino online sector.

GBG is currently strong with 50 companies and Playtech’s membership is a significant coup for the organization. Playtech has more than 3,400 employees all across 12 nations. According to Chief Executive Officer of GBG, Peter Hannibal, the organization could viably give assistance to Playtech through becoming a representative on behalf of the company. GBG will act as representative of Playtech especially in communications with government leaders as well as regulatory personnel. On top of Internet gambling, GBG also provides assistance to their members composed of betting offices, casinos, bingo halls and other related outlets. Based on reports, the current huge issue that has impacted GBG and its membership base is the present 25 percent tax imposed on fix-odds wagering terminals.

The tax imposition is deemed to affect high street wagering shops in the UK resulting to closure of these entities in 2014 and 2015. With the addition of Playtech however, GBG is grateful for the much needed boost. The group CEO also added that there are other new members expected to register with the organization. He announced that following the Playtech membership, more companies have yet to officially confirm their alliance to GBG. The names of these new members will be soon revealed during the EAG and ICE industry conferences to be held in 2015. New members pay subscription fees based on their annual turnover.

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