GVC tops GambleAware donations list

Problem gambling funding body GambleAware has revealed that GVC Holdings topped its list of pledges for the six months to 30 September 2019, with the Ladbrokes and Coral owner committing a total of £1.46m (€1.69m) during the period.

The total amount of money pledged and received by UK-licenced gambling operators was £5.4m. The sum is slightly ahead of where it was last year at this time, which ended up totalling £9.6m for the 12 months ending March 31.

Among other operators, William Hill pledged £1m, Bet365 donated £868k, Betway committed £154k to the organisation in the first half, while BetVictor, Playtech and Praesepe Holdings all pledged over £100k Rank Group, through its Grosvenor Casinos and Mecca Bingo brands, has also donated £285k.

It was noted that the total sum of £5.4m did not include regulatory settlements and additional donations worth £1.29m. GambleAware collected it via its share of regulatory settlements imposed on two operators – LeoVegas (£600k) and GameSys (£690k) – by the UK Gambling Commission (UKGC) for various regulatory shortcomings.

The charity currently asks those in the industry to make an annual donation of 0.1% of their annual Gross Gambling Yield (GGY) directly to GambleAware, requesting that those with an annual gross gambling revenue of less than £250,000 per annum to donate a minimum of £250.

However, back in June William Hill, GVC Holdings, Flutter Entertainment (formerly Paddy Power Betfair), The Stars Group-owned Sky Betting & Gaming and bet365 have all agreed to increase their voluntary contribution from 0.1% to 1% of GGY in no more than five years.

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