Today marks my first anniversary as chief executive of the Betting and Gaming Council. It’s a privilege to represent an industry that contributes billions to the economy and plays such an integral role in British sport and culture. But it’s also a moment of real jeopardy for our sector, and for the sports and communities we support.

Much has been made this summer of the impact a betting tax hike could mean for horseracing. The decision by Flutter, the gambling giant owners of Paddy Power, Betfair and SkyBet, not to commit to ITV’s Champions Full Gallop – a documentary series watched by over 4m viewers – as part of “reviewing wider investment plans in racing”, is the latest warning sign.

This important decision, not taken lightly by the company, is just the tip of the iceberg and one part of a much bigger story, with the potential damage going far deeper than just one sport.

Because if

© City A.M.