Charity Commission Investigates YGAM Links to BGC
According to reports, The Charity Commission has launched an investigation into YGAM over its links with the industry’s trade body, the Betting and Gaming Council. The investigation is a result of a complaint being made to the regulator.
The Charity Commission has started a regulatory investigation into the Young Gamers & Gamblers Education Trust (YGAM). The regulator is investigating the charity’s links with the Betting and Gaming Council, a trade body representing the majority of UK-facing operators.
Reports claim that Charity Commission had been made aware of concerns about YGAM via a letter, and in the reply, the Charity Commission state they had “identified some concerns that require regulatory engagement”.
Adding that, therefore, they had “opened a regulatory compliance case to assess the matter and are currently engaging with the trustees. We cannot comment further at this time,”
The Charity Commission will now undertake a fact-finding investigation and, dependant on the outcome will decide if a formal inquiry is required. The regulator will concentrate its focus on the governance and management aspects of the charity.
It is understood the complaint centres around the payment of £10m to fund the Young People’s Gambling Harm Prevention Programme, which the charity administrated in collaboration with another charity, GamCare.
The programme targeted at young people aged between 11-19 aims to give those attending a better understanding of the potential harms of gambling. The effectiveness of the programme is independently assessed and measured against service level agreements.
Under the terms of the arrangement, the Betting and Gaming Council provides funds to the Charities Aid Foundation. Who then make funds available for the Young Gamers & Gamblers Education Trust and GamCare.
The Young Gamers & Gamblers Education Trust is one of the funds’ main beneficiaries as they are one of three charities featured on the Gambling Commission’s approved gambling-related harm funding list.
In other regulatory news, the Gambling Commission has suspended the external lottery manager licence of Lottery England Limited with immediate effect.
The Kent-based company held a non-remote external lottery manager licence which enabled the company to provide lottery services, mainly for charities and local authorities.
The Commission state they had concerns “that activities may have been carried out contrary to the Act, not in accordance with conditions of their licence”. Adding that the company, “may be unsuitable to carry on the licensed activities.”
The Gambling Commission does not go into detail about what activities they are referring to; however, the rules around the granting of a non-remote external lottery manager licence stipulate that a lottery should not be run for commercial gain.
The Commission also recently suspended the British-facing arm of Nektan, which was sold last year. The Commission state that decision was made after conducting an internal review of the licence holder.