Alderney Gambling Control Commission Gave £2.35M of Profit to the Channel Island jurisdiction in 2023

The Alderney Gambling Control Commission (AGCC) has reported that it has given £2.35m of profit to the Channel Island jurisdiction in 2023. The profit was £636,000 higher than in 2022. The commission, which has regulated the island’s gambling sector since the year 2000 cited a “strong rebound by the online gambling sector worldwide” after the Covid-19 pandemic.

The States Of Alderney council has allocated £1.85m to capital spending and just over £496,000 to States-owned Alderney eGambling Limited (AeGL) which takes new inquiries about licensing in Alderney. The island’s capital spending budget was £1.5m in 2023.

Policy and Finance Committee chairman Nigel Vooght said the island had more than halved its revenue budget deficit to £222,000.

The deficit would be met from accumulated reserves which remain at a “reasonable level”, said Mr Vooght. The deficit was brought about by the additional costs associated with the change in ownership of the island’s primary care provision in 2022, together with the need to create a robust ambulance service, he said.

“It should be recognised that this has taken a significant effort by everyone across all States departments and committees working together to achieve this result,” he said.

“We are in a reasonable fiscal position and we remain committed to looking at new opportunities to generate income. We must also continue to make efficiencies wherever possible whilst ensuring funding is available so that staff have adequate resources to continue to provide high quality services to the community.”