News UKGC Announces New Funding Requirements

UKGC Announces New Funding Requirements

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The UK Gambling Commission (UKGC) has set out new requirements for all licensed operators to ensure that they are doing enough to fund support for gambling addiction.

In time for the start of the new year, the UKGC has published a list of those organisation that it has approved as official recipients of industry donations. From the start of this year, all UK licensed firms are required to make financial contributions to approved organisations.

In a statement announcing the list, the UKGC said that they do not set out an amount that each firm should contribute. They also say that the contributions should support work in three areas: research into prevention of gambling harm, approaches to actively prevent the risk of gambling addiction and treatment for those who have been harmed by gambling.

But it has been noted by many in the industry that this effectively limits options for the receipt of contributions to GambleAware. Although there are three organisations named on the UKGC list, including GamCare and YGAM, only GambleAware covers all three areas mentioned by the UKGC. This effectively means that operators will have to contribute to GambleAware. 

In their statement, the UKGC go on to say that operators were permitted to make contributions to other organisations working in this area, but if they are not on the approved list, these donations will not be counted towards their compliance obligations.

According to the UKGC, the list will remain open. It has invited any organisation working in this area to contact them and to provide details of their operation. All organisations seeking the approval of the UKGC will have to demonstrate that they are subject to independent oversight.  

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