The UK’s biggest selection of Betting and Gaming Council members signed up to donate all the profits they make from the Britannia Stakes, gained from a flagship horse race at this year’s Royal Ascot to charity.
The Bookmakers Will Donate All Profits They Make from Wins
Prostate Cancer UK, Marie Curie, the three-Armed Forces charities and Care Radio will benefit this time, with online casino operators having decided to make a donation to the charities, even in case they do not make any profit on the race.
This will see Prostate Cancer UK, Marie Curie, three-Armed Forces charities and Care Radio all benefit from the Britannia Stakes.
Members of Betting and Gaming Council include Flutter Entertainment (Paddy Power, Betfair, and Sky Bet), bet365, Entain (Ladbrokes, Coral), William Hill, Kindred (Unibet), BetVictor, Betway, Rank Group (Grosvenor Sport), the Tote and Fitzdares and they have all signed up to repeat the fundraising initiative, which raised £250,000 for a series of good causes last year.
All Parties Thrilled That the Industry Will Donate Profits to Charities Again
On this occasion, Michael Dugher, Chief Executive of the BGC said: “I am absolutely delighted that the BGC’s largest members are once again leading this fantastic initiative, which will raise vital funds for some of the country’s top charities.”
Racing is a sport that has the power to bring people together and Royal Ascot is one of the great highlights of the calendar. Millions of people enjoy a flutter and I’m proud that betting companies will donate their profits from one of Royal Ascot’s top races to go towards some brilliant causes that will help so many people from across the country.”
Even if operators do not make a profit on the race, they decided that a donation to the charities is still going to be made.
The betting operators have agreed to donate all profits they make from wins and each-way bets after levy and duties are deducted, on the Britannia. If they do not make a profit on the race, they decided that a donation to the charities is still going to be made.
As Alastair Warwick, Managing Director at Ascot Racecourse, noted: “We are thrilled that the betting industry will once again be donating profits from the Britannia Stakes to these very worthy charities.
Run-on Gold Cup Day, the Britannia Stakes is always one of the biggest betting heats of the week and extremely popular with punters, so hopefully, lots of money will be raised at a time when it is much needed in light of the impact COVID-19 has had on charity fundraising efforts.”
Nicola Tallett, Director of Fundraising and Supporter Engagement for Prostate Cancer UK, also commented: “I would once again like to thank everyone at the Betting and Gaming Council and their members for their incredibly kind gesture in helping donate vital funds to Prostate Cancer UK for a second successive year.
Thanks to this wonderful support, we can continue our lifesaving research into treatments and better tests to stop the disease from being a killer.
Around 400,000 men are living with prostate cancer; it’s the most common cancer in men, and thanks to this wonderful support we are able to continue our lifesaving research into treatments and better tests to stop the disease being a killer, while also supporting men and their loved ones.
The COVID-19 pandemic has made living with a diagnosis harder, but hard times show what people stand for. When the future is uncertain and the choices are tough, we stand for men with prostate cancer. We thank everyone involved for their continued support.”