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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Gaia Metals Corp | CSE:GMC | CSE | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.07 | 0.065 | 0.07 | 0 | 00:00:00 |
RNS Number:0947Q Gaming Corporation PLC 24 September 2003 News Release Embargoed until 07:00 on 24 September 2003 Gaming Corporation launches Casinoforcharities.com the UK's first gaming for charity website and bets on growing public support for charities to be aided by gaming. Gaming Corporation PLC, operator of the Casino.co.uk (www.casino.co.uk) gaming portal, has today launched a new Internet casino, Casinoforcharities.com (www.casinoforcharities.com), to offer online gamblers their first opportunity to place bets in an online casino that will generate cash for charities. Nine years after the National Lottery established gaming as a legitimate funding route for UK charities, the new website will donate 10% of its gross profits to charities. Donations will meet charities' less glamorous but essential running expenses rather than more popular big-ticket projects such as the Millennium Dome. According to research conducted on behalf of Casinoforcharities.com by Taylor Nelson Sofres, the UK public is now comfortable with charities being funded by the proceeds of gambling. A total of 66% of the 1000 people surveyed were happy with charities raising money this way. Although the "lottery generation" of 16 to 24 year olds showed the greatest support at over 80%, over half of all older age groups also showed approval. Justin Drummond, chief executive of Gaming Corporation, said: "Our research shows that gaming is seen by the public as an acceptable way for charities to raise money. Online gambling is one of the fastest growing sectors on the internet, and Casinoforcharities.com aims to see that worthy causes benefit from this growing industry. The site will appeal to online players who are attracted by the opportunity to donate to charity while they play. We've built the donation model around the need that many charities have to cover their running expenses rather than funding capital costs such as buildings, and we hope that this clear focus will encourage charity-minded players to use the Casinoforcharities.com site." Casinoforcharities.com offers players a range of online versions of popular games including blackjack, baccarat and poker, as well as slot machine and novelty games. Casinoforcharities.com pays out over 97% of stakes placed as winnings compared with only 50% from the National Lottery. The site's encryption and cash processing meet the highest international standards. In establishing the venture, Casinoforcharities.com has found that many charities find it easier to raise funds for capital projects, such as new buildings and equipment, but struggle to fund the more essential running expenses. CasinoforCharities.com would like to hear from charities who are interested in benefiting from the web site's proceeds. Charities will be selected on the basis of their ability to ensure that donations are effectively used to give the maximum benefit to the wider community. Players are encouraged to nominate charities for donations, and will be kept informed as and when the donations are made. Christies against Cancer (www.christies.org) is one of the first charities to receive donations from the site. For further information, please contact: Justin Drummond Graham Prince/Jenny Leahy Gaming Corporation PLC Gresham PR Ltd. 020 7349 4300 020 7404 9000 Damion Greef Communications Director 07736 381 030 This information is provided by RNS The company news service from the London Stock Exchange END MSCILFEDASIVFIV
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