BGC To Donate Royal Ascot Profits To Charity
June 17, 2020
The 2020 version of the stellar event will take place on June 18 and all profits will be distributed among a selection of charities including The Care Workers Charity, Marie Curie Charity, and Prostate Cancer UK. The BGC has said that it expects that those charities named to be beneficiaries this year, will stand to benefit from a sizeable cash boost. This is in part due to betting shops having reopened this week after a long and lamentable hiatus. The Royal Ascot quite naturally featured among the first grand events to take place on the UK’s postponed horse racing calendar.
A Fitting Gesture
The Royal Ascot is recognised far and wide as the premium horse racing event on the UK’s annual horse racing calendar. As such, so declared BGC chief executive Michael Dugher at the time of the announcement, it’s only fitting that the profits generated by this year’s event be channelled in the direction of deserving charitable causes. It’s been a difficult year for all of humanity (and still is), and so, having the UK’s premium horse racing event focus on easing the suffering of those in need, definitely seems the right thing to do. The betting industry, said Dugher, has stepped up to the challenge in helping those in need on a national level.
An added delight, said Dugher, was that a large portion of the donation would be channelled towards those working on the country’s front line – people and organisations who have put themselves willingly in the line of fire in an attempt to selflessly protect others from harm.
The decision on the part of the BGC follows the incredible success achieved by April’s Virtual Grand National Race – an event that proved successful at raising a stellar £2.6 million in support of the country’s National Health Service and its related charity organisations.
GambleAware To Receive £100k
The organisation also revealed a separate donation of £100,000 earmarked for payment to the UK’s leading gambling-aid charity, namely GambleAware. This particular some is the result of a pledge recently made by the BGC’s 5 most prominent operator members: Paddy Power Betfair, Sky Bet, William Hill, bet365, and of course, GVC Holdings.
Funds pledged in support of GambleAware will be put to the use of improving the treatment and services offered free of charge to individuals struggling with gambling additions and related problems. And it’s a pledge very much welcomed by the NHS, according to UK Health Secretary Matt Hancock. The Health Secretary thanked the BGC and its member bookmakers, declaring the NHS more committed than ever before to the cause of providing to UK residents only the best in specialised gambling services and treatment options.
The BGC also confirmed that it will continue to donate much-needed funding to charity organisations in need. In fact, betting and gambling operators countrywide have pledged ongoing funding to be relayed into problem gambling research and education, as well as specialised treatment initiatives and services.
The aim, according to the BGC, is to have donated by 2023 at least 1% of all gross gaming revenue to deserving problem gambling relief causes.