UK-based gambling charity GambleAware recently announced that it received over £5.4 Million in donations in the first two quarters of 2019. The figure excludes all regulatory fines to represent the voluntary payments made by gambling companies. According to the latest figures, William Hill, GVC Holdings and Bet365 were the top three donors to the charity between April 1, 2019, and September 30, 2019.

GVC Holdings, the Coral and Ladbrokes parent, pledged upwards of £1.45 million to the charity. On the other hand, William Hill pledged to give away over £1 million. Bet365 gave a total of £868,000 during this period. Other operators have smaller donations to the charity. It included Mecca Bingo and Grosvenor Casino owner The Rank Group which gave away £284,450, BetVictor paying £160,000 and Betway paying £153,500

The total figure will be much higher given the money received by regulatory payments. The charity received money from donations and pledges from gambling companies and received the money stored in dormant accounts, unclaimed winnings as well as cash. With these payments, it becomes easy for the charity to work towards helping gamblers and resolve problem gambling issues.

All British gambling operators have to make mandatory contributions to GambleAware, which could help the charity in managing gambling-related harm in society. The donations depend on a company’s turnover. All companies earned over £250,000 are ideally expected to give away a 0.1% share of their annual Gross Gambling Yield (GGY). Other operators have to make a minim donation of £250.

The total regulatory fines paid to the charity comes up to £1.29 million, of which over £600,000 were paid by LeoVegas for customer mistreatments and advertisement issues. The United Kingdom Gambling Commission (UKGC) ordered Gamesys to pay £690,000 for its failure in preventing gambling harm and violations of money laundering rules and regulations.

Leave a Reply

Your email address will not be published. Required fields are marked *