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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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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

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.

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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Gambling firms agree more funding and support for addicts . 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 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

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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Gambling firms agree more funding and support for addicts

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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