New approach aims to give businesses more certainty and promote growth
Speaking at the British Amusement Catering Trades Association (BACTA) AGM, Mr Penrose said: “It’s been a long time since we had a review of stakes and prizes and so I want to kick start the process.
“I’ll be writing shortly to all members of the industry asking for their feedback on what the review should look like and the best process to follow.”
Prior to the implementation of the Gambling Act 2005, a system of regular, routine reviews of stakes and prizes was established by custom on a triennial basis. The intention to reintroduce these periodic reviews follows the recent decision to increase the stakes on B3 gaming machines, and it’s hoped a more systematic approach will give arcade and manufacturing business more certainty when it comes to planning and responding to economic challenges.
The government will now work with stakeholders and industry to work out the details in the coming weeks.