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first_img Submit Related Articles StumbleUpon Share UKGC hails ‘delivered efficiencies’ of its revamped licence maintenance service  August 20, 2020 The UK government’s independent Regulatory Policy Committee (RPC) has published its assessment of the Department for Digital, Culture, Media & Sport (DCMS) policy enforcement on ‘FOBTs wagering and social responsibility standards’.The RPC has reviewed whether DCMS inbound UK gambling FOBTs regulatory policy (to be enforced 1 April 2019), has effectively assessed social costs/benefits, industry impacts and further macro dynamics.The policy review signed by RPC Chairman Anthony Browne, concludes that DCMS policy mandate is ‘fit for purpose’ and can/should be enforced on the UK gambling industry and its wider stakeholders.The RPC’s report details that DCMS has undertaken a fair assessment of potential business impacts, detailing industry-wide GGY reductions at £540 million per annum.Furthermore, the RPC details that DCMS has formed a fair assessment of UK betting transition costs, and has gained a fair industry consensus supported by alternative analyses and scenarios offered by ‘Big Four’ auditor KPMG.Whilst DCMS industry review has been comprehensive, the RPC details that there has been a limited analysis on small/micro business assessments which are a concern as –  ‘two of the five small businesses that responded to the consultation said that they would have to close stores’.In its review of social benefits and whether the policy will ultimately reduce gambling-related harms, the RPC notes that DCMS assessment has been driven by the Institute for Public Policy Research (IPPR) ‘which estimates that B2 gamblers are imposing a cost of £1.5 billion onto themselves’.However, DCMS has not overstated the policy’s social benefits, by acknowledging that available data is limited on impacts. and that it is difficult to replicate analysis or test assumptions on its gambling policy.Utilising wider stakeholder analysis, DCMS points to Centre for Economics and Business Research (CEBR) which details that an effective policy implementation may reduce government costs on gambling harms related to civic health, welfare housing, and criminal justice services.“The CEBR report suggested that potential reductions in gambling-related harm from introducing a £2 maximum stake on B2 gaming machines might be between £430 million and £1.3 billion per year.” Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 Share UKGC launches fourth National Lottery licence competition August 28, 2020last_img read more

first_imgRemember most of the restoration times listed by B.C. Hydro are estimates and will change throughout the day.  To see the most current information about power outages in your area, visit www.bchydro.com/outages or call B.C. Hydro at 1-888-POWER-ON. B.C. Hydro continue to work to restore power in the region, but because of sheer number of outages, it will take some time.In the Fort St. John area over 2,500 customers are without power and Hydro says most effected won’t see power restored until at least 5 p.m. today.In Dawson Creek and area over 3,000 customers are without power and Hydro hopes to restore power by 3 p.m. in most areas.- Advertisement -Around Chetwynd there are approximately 600 customers without power.  Power should be restored to most customers by 3 p.m. today.Hudson’s Hope has over 800 customers without power and the latest estimate shows power should be restored by 3 p.m. today.Most of Tumbler Ridge remains without power as 1,700 customers are in the dark.  Hydro hopes to have power restored in that area by 3 p.m. today.Advertisementlast_img read more