UK Gambling Commission Approves Three Charities For Compulsory Funding From Gambling Operators

UK Gambling Commission Approves Three Charities For Compulsory Funding From Gambling Operators

Gambling addiction has been on the rise in the UK and gambling operators in the country have been lax not only in promoting responsible gambling messages but also in providing mandatory funding to charities working towards limiting gambling addiction and helping those suffering from compulsive gambling issues.

Now, the UK’s gambling watchdog has listed three charities that would be eligible for receipt of mandatory funding from betting and gambling operators. The gambling companies in the UK have to provide a certain percentage of their revenue to gambling charities as a part of their licensing terms and conditions.

The UKGC has published a list of charities approved to receive these funds. The organizations are GambleAware, GamCare, and YGAM(Young Gamers & Gamblers Education Trust).

Releasing the names of the gambling charities approved, the gambling regulator said that “Gambling businesses are required to make an annual financial contribution to organizations which deliver or support research into the prevention and treatment of gambling-related harms, harm prevention approaches and treatment for those harmed by gambling (RET contributions). We do not specify an amount which may be contributed as this could be seen as imposing a levy, which is a power reserved for Parliament.”

Of the three organizations listed, only GambleAware caters to the research element of RET. This means that all gambling operators in the country should make donations to GambleAware because the other two charities listed are approved for prevention (GamCare) and prevention (YGAM).

The gambling regulator also said that it would “maintain a list to demonstrate to operators how to be compliant with the LCCP requirement to make financial contributions. It will ensure that if businesses make contributions to organizations that work in other areas unconnected to gambling, these amounts will not be considered compliant or published in the figures on LCCP RET contributions.

“Businesses can continue to donate funds to any organization outside of the approved list, and the only change is that such contributions will not be counted as LCCP RET contributions.”

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