UK’s leading gambling charity organization GambleAware has announced that it received donations and pledges worth £2.3 million (€2.5 million/ $3 million) in the first six months of the financial year of 2020. This amount was donated between 1st April and 30th September of this year, and the amount doesn’t include the regulatory settlements that operators had to part with for regulatory breaches.
Currently, the licensing conditions for all licensed operators in Britain require a donation of at least 0.1% of the GGY (Gross Gambling Yield) of operators every year directly to the GambleAware Charity. In addition, companies whose yearly revenues are lower than £250,000 are required to make a contribution of at least £250. The funds that GambleAware receives from the donations are used to assist with developing prevention and treatment initiatives for problem gambling in the UK.
For H1 2020, Gamesys, one of the most dominant software developers in the UK’s market, was the biggest donor after contributing £450,000. Betway, a top online gambling operator, was second after contributing 134,000, whereas Betfred’s parent operator Petfre (Gibraltar) was the third-highest donor after contributing 61,840 to the GambleAware Charity. As for pledges, the biggest pledges came from William Hill, one of the UK’s leading bookmakers, which committed to a £1.04 million donation for the 2020/21 fiscal year, alongside Paraesepe Holdings Ltd., which committed to donating £85,500.
Looking at settlements for regulatory misconduct, GambleAware received a total of £8.8 million from Betway and William Hill. Betway has already paid £5.8 million of its 11.6 million fine from March failings while William Hill has paid the £3 million fine that it’s Mr. Green subsidiary was charged with late in February.