Sign up for news

Only Three Organizations have Received Approval For Problem Gambling Funding in the UK

3 January 2020, 12:32
Votes: 2

The UK’s gambling regulatory body has introduced the list of approved organizations to which companies engaged in this field are allowed to make financial contributions proving they are socially responsible in order to fulfill their licence conditions.

Only Three Organizations have Received Approval For Problem Gambling Funding in the UK

The country’s regulator has approved only three organizations: GamCare, GambleAware and YGAM (Young Gamers & Gamblers Education Trust). However, a number of other country’s organizations have expressed their desire to join the above-mentioned list.

It should be mentioned that under their licence terms, operators have to:

- make financial contributions, which will help prevent gambling addiction among the UK’s citizens and treat those who have suffered from problems associated with gamling;

- ensure that the above-mentioned donations go to one or more approved organizations;

- make sure that they have no connection to the beneficiary institution;

- constantly provide the Gambling Commission with information regarding the destination of their payments and the amounts that they have contributed (this includes making sure that data is not duplicated across multiple licences).

The Gambling Commission has claimed that it will gather all information about the operators’ contributions and will publish it at least annually.

As mentioned earlier, the Gambling Commission has introduced changes to the country’s gambling Licence Conditions and Codes of Practice (LCCP). Their aim is to protect customers from possible risks associated with gambling.

Read more: Gambling Legislation in European Countries

Read more: Gambling: What Are the Reasons for Gambling Addiction?

makemoneymedia99
Comments:

No comments

Now read
3 Dec
Up