Bet365, GVC Holdings, Paddy Power Betfair, Sky Betting and Gaming, and William Hill have agreed to donate the amount to help tackle gambling addiction, the BGC has reported. This is just the latest of the measures gambling firms in the United Kingdom have undertaken to help boost consumer protection measures.
Previously, leading British gambling firms agreed to increase the amount they contribute towards problem gambling treatment to 1% of revenues by 2023. The present rate has them pay only 0.1% of their annual revenue, which officials have seen as insufficient.
Michael Dugher, BGC chief executive, has praised the readiness of companies to contribute more to addressing the issue of problem gambling in the country. According to Dugher, the BGC and its members have been happy to do their part and set new standards for the industry as a whole.
UK Health Secretary Matt Hancock was also pleased with the news, saying that one of the key objectives of his stint was to ensure that the National Health Service (NHS) receives enough funding to address this concern.
The crypto community has also rallied and come together to participate in various charitable undertakings, including the Crypto vs COVID-19 initiative designed to assist first respondents in the global outbreak. CryptoSlots, another prominent player, has also joined the intiative.
In terms of responsible gambling, all leading crypto casinos, including Bitcasino.io and FortuneJack, today offer comprehensive player protection measures, from running KYC and AML checks to providing players with the necessary links to third-parties that can assist them in the event of gambling addiction.