Money: Gambling firms agree more funding and support for addicts - PressFrom - United Kingdom
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MoneyGambling firms agree more funding and support for addicts

12:55  02 july  2019
12:55  02 july  2019 Source:   news.sky.com

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For many problem gamblers , it’s not quitting gambling that’s the biggest challenge, but rather staying in recovery—making a permanent commitment to stay away from gambling . The Internet has made gambling far more accessible and, therefore, harder for recovering addicts to avoid relapse.

Support The Guardian. Gambling firms are failing to honour a pledge to donate part of their income to fund addiction treatment and should be forced to But GambleAware said that, regardless of the review’s outcome, firms should be made to pay a statutory levy devoted to helping problem gamblers .

Gambling firms agree more funding and support for addicts © PA Gamblers used to be able to bet up to £100 every 20 seconds on fixed-odds betting terminals before stake curbs were introduced

The UK's largest gambling firms have agreed to significantly bolster funding and support to tackle addiction following pressure from the government and health chiefs.

The owners of Bet365, William Hill, Sky Bet, Ladbrokes Coral and Paddy Power Betfair are to raise the levy they pay on gambling profits from 0.1% to 1% by 2023.

It is hoped that it will raise around £60m annually.

Gambling firms agree more funding and support for addicts © Getty

As part of their commitments over the next four years, the firms will cumulatively spend £100m on addiction treatment and co-operate with health organisations to determine where support is most needed.

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The Gambling Commission has estimated that around 430,000 people over 16 suffer from a serious habit, while more than two million people are either Children and young people are being targeted by betting adverts, while some betting firms make it difficult for addicts to opt out of online gambling

Plan to help problem gamblers would raise funds sixfold to £60m a year but some critics dismiss offer. Read more . “The problem of gambling -related harm is here and now and we need a continuity of supply Sports minister defies call from UK regulator to raise funding for addiction treatment.

The extra funding follows criticism the current contribution dwarfs spending on marketing.

The firms also committed to "review the tone and content" of their advertising and push their messages regarding safer gambling.

The Gambling Commission is to monitor their progress.

The move is the latest in a series of measures - including curbs on fixed-odds betting terminals - aimed at making the industry more responsible.

According to the charity GamCare, there are 340,000 so-called 'problem gamblers' in the UK - those deemed to have an addiction that is not only affecting them but also their wider families.

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Peter Jackson, chief executive of Paddy Power Betfair parent firm Flutter, said: "This is an unprecedented level of commitment and collaboration by the leading companies in the British betting and gaming sector to address gambling-related harm and promote safer gambling.

"The whistle-to-whistle advertising ban was a good start; now we are funding a significant expansion in treatment and we continue to work on a number of areas of collaboration and best practice.

"Our aim is nothing less than a step change in how we tackle gambling-related harm."

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Regulators say firms ‘must not wait’ to move away from Libor.
Regulators say firms ‘must not wait’ to move away from Libor

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