Birkenhead Mecca Bingo team is celebrating the raising of a record £2 million for Carers Trust challenge. They have been undertaking activities nationwide to fund raise as much money as they would.

MeccaRank Group which owns Mecca Bingo and Grosvenor Casinos signed a partnership agreement with Carers Trust in February 2014. The deal is to help raise funds to support Carers Trust activities. The trust works with carers from across the UK with the aim of improving their lives, facilitating their working, and cushioning them from likely negative effects that as depression.

Mecca Bingo’s efforts are geared towards raising money that will help address the barriers carers face. Since the signing of the partnership, staff a Rank Group have traveled to different parts of the country where they have been involved in fund-raising activities. The agreement gave employees the liberty to implement any activity that they deemed would improve their fundraising efforts.

According to John O’Reilly, the chief executive officer at Rank Group, Carers Trust is highly esteemed by a majority of his firm’s employees, and that explains their dedication to the fundraising initiative. He argued that Rank Group would not have achieved the milestone without the effort of the staff and the community members from across the country. He thanked them for the effort they had made and expressed satisfaction with the charity initiative.

The money collected through the fundraising activities is placed under the Rank Cares Grant Funds before being distributed to Carers Trust initiatives. It is directed into providing financial support to carers who are sixteen years and above.

As the company celebrated the milestone, it was proud that the money that has already been raised have been used for a worthy course. Since the signing of the partnership in 2014, money raised by Rank Group has helped more than 9000 carers in the country. Through the help, beneficiaries have accessed breaks, essential equipment, and learning opportunities.

In support of the efforts that employees were making in the fundraising initiative, the management of Mecca Bingo joined a final challenge that was aimed at raising more resources. The challenge was termed as ‘the bushtucker trial’ and entailed eating unusual foods such as critter cocktails and mealworms. The uniqueness of the challenge attracted a large number of people and took the fundraising efforts a notch higher.

Through it, the £2 million milestones became a success. While commenting on the achievement, Terry O’Donnell, the General Manager at Mecca Birkenhead thanked the staff and customers for the support they offered. He expressed satisfaction that the firm was contributing to a worthwhile initiative. O’Donnell reiterated that Mecca Birkenhead would continue undertaking the fundraising efforts so that carers can receive the support that they desperately need.

According to him (O’Donnell), the number of carers in the UK has remained high, yet they do not access the support that they would require. “The sad reality is that three in five people will become carers in the UK at some point in their lives and with 7 million carers in the UK already, it is crucial that there is funding available to provide the support that they need,” he said.

Giles Mayer, the chief executive officer at Carers Trust, appreciated the efforts of Mecca Bingo and Grosvenor Casinos. “They have gone above and beyond once again, and we are delighted to continue our partnership,” Giles said.

 

As part of the UK’s departure from the European Union, companies, residents, and citizens of the United Kingdom are set to forfeit several privileges. Businesses will particularly be hardest hit given the numerous benefits and incentives that the EU currently provide.

BrexitFor instance, the EU has a very large population. Firms that operate in or have access to the trading bloc, therefore, enjoy huge revenue inflows and market. It also has a uniform tax regime and payment processing options. This is why UK-based firms are currently bracing themselves for tough times ahead.

Perhaps no other industry shall be as hardest hit as Gibraltar’s gambling industry. This is because it is one of Europe’s if not the world’s most developed and sophisticated gambling industry. The departure of the UK from the EU is, therefore, going to severely impact the betting firms that set up base there.

The two most likely negative impacts are the dip in revenue, sophisticated operational environments, and the shrinking of the market base. This has sent many firms panicking. Both the operational firms as well as the government of Gibraltar have decided to put in a raft of measures that are geared towards mitigating these dangers.

As part of forestalling the adverse negative consequences of this imminent departure, the government of Gibraltar has stepped in to reduce the operational expenses of the gambling firms that are based within its borders. It has decided to lower the tax that is levied on the income which is derived from gambling. At the same time, it has also decided to raise the license fees.

Before the Brexit deal started taking shape, firms used to part with 1% of their betting revenue in form of tax. As things stand, this figure was reduced by a whopping 85%! Right now, the betting firms will part with only 0.15% of their revenue from gambling.

Given that proceeds from gambling constitute a huge portion of the income of Gibraltar, a way out has to be sought. The government has decided to increase the license fees as part of the strategy to make up for that shortfall. The B2B firms shall now pay $112,000 (£85,000) while the B2C shall pay $132,000 (£100,000).

This means that it will be more expensive for firms to enter the market. However, license fees are a one-time expense. This increase will not impact the profit margins of such firms in the future.

During these Brexit talks, the service industry has largely been overlooked. Since gambling is part of the service industry, it will not be given the necessary attention it ought to during such talks. This has prompted some players within Gibraltar’s gambling industry to consider lodging an official complaint with the World Trade Organization.

This is because both the UK and the EU are members of this global trade body. They also draw their inspiration from a case that once pitied the US and the tiny Caribbean nation of Antigua. In that dispute, the WTO mediated and ruled in favour of Antigua.

Some firms have however opted to relocate to other bases that are still within the purview of the European Union. The Bet365 and the 888 Holdings are two of the most outstanding firms of this kind. They have decided to relocate to Malta and Ireland respectively.

These impending disasters notwithstanding, the Government of Gibraltar has remained upbeat and undeterred. The Minister for Financial Services of the nation-state, one Mr. Albert Isola, has insisted that the nation shall withstand the dangers and remain strong.

He has further stated that the alterations of the license fees and tax regime are all geared towards solidifying the stature of Gibraltar as Europe’s top betting hotspot.