The UK government has announced a complete halt to all land-based gambling and betting-shop trade. This will prevail for a period of 2 weeks and is being implemented country-wide in an attempt to contain the spread of the coronavirus.
The announcement was made as part of a nation-wide entertainment industry lockdown implemented by UK Prime Minister Boris Johnson; a measure regarded as absolutely crucial if the virus is going to be stopped short in its tracks. Escalated efforts have become unavoidable as the world tries to prevent further fatalities.
Devising A Plan For All
A number of safeguards were also raised for discussion at the time of the prime minister’s announcement. According to Chancellor Rishi Sunak, who spoke alongside PM Johnson during the address, government will be subsidising the salaries of those employees affected negatively by the global pandemic. Subsidies will be offered in such a way so as to cover up to 80% of workers’ salaries and up to a maximum allocation of £2,500 per employee.
The Chancellor went on to comment on the general state of affairs caused by massive current uncertainty and said that this would officially be the first time in history that the UK government is about to stand in for the payment of citizens’ wages. It‘s basically an unprecedented set of circumstances calling for an unprecedented economic intervention on the part of government, said Sunak.
A Matter Of Psychology
Sunak also spoke about the psychological effects flowing from the covid-19 pandemic and said that government realises full-well that not only are people extremely worried about losing their jobs and income, but also about things like not being able to pay for a mortgage or suitable housing for their families, let alone food and other bills.
Sunak furthermore directly addressed people already at home and without a job because of the virus pandemic and said that he wanted to assure those affected in the most worrying of ways that they were would not be facing the pandemic alone or without help. He said that government is aware of the fact that what people are having to navigate right now is “incredibly difficult”, but that government is doing everything in its power to put the necessary support structures in place.
There Are Plans In The Making
Various gambling and betting operators have already announced contingency plans in an attempt to adhere to social distancing guidelines and also to streamline costs in financially very difficult and even unstable times. Paddy Power has confirmed having taken the necessary steps in order to protect both its employees as well as its customers. The group believes that its decision to temporarily close up shop until the end of April is as good a place to start as any.
The group said in a statement addressed to the general public that there is nothing more important than the safety of its employees, its colleagues and the general public. The statement, issued on behalf of Paddy Power by parent company Flutter Entertainment, then went on to say that it has been keeping close check on everything that has been happening thus far and that it believed that the decision to temporarily halt all trade was in the best interest of everyone involved.
Crippling Fear Prevails
People are growing ever more fearful, even despite government’s attempt to keep the economy going. The casino and sports betting industries are among the hardest hit of all and it’s a reasonable expectation that some may not make it out alive on the other side of the disaster.
The idea at this stage is very much that of limiting damages as far as possible.