although we have already decided on the majority of the UK charities we will be giving to, we hope to be able to add more to the list towards the beginning of next month.
United Kingdom (PRWEB) October 27, 2008
A reported sharp downturn in UK charitable donations has prompted the online casino review website, penny-slot-machines.com (http://www.penny-slot-machines.com) to give their October profits to charity. The move comes during a time when poor economical conditions and fears of recession are resulting in a tightening of people's budgets.
Over recent weeks various reports have shown that the economic downturn is affecting the ability of charities to obtain the donations they require. This slow-down appears to be affecting all charities, irrespective of their size.
One large UK charity, Cancer Research, is expecting to drastically cut spending on vital medical research by up to £650m as a result of the economic turmoil Similarly, charity shops across the country are seeing a severe drop in the number of donations they are receiving. A number of smaller hospice charities are also struggling, finding it difficult to raise the funds they require to provide essential medical care.
A major new poll says that over one third of all UK charities have already experienced a fall in donations as a result of this year's economic downturn. Analysts fear that the situation is set to become worse and that smaller charities are most likely to suffer the most.
Commenting on their move to donate profits to charity, a spokesperson for Dendrite Media said, "The state of the economy is hitting small charities that rely on regular donations. People that would happily donate during good economic conditions are having to tighten their belts to beat the credit crunch, meaning they now find themselves unable to give", adding, "Our online casino reviews business has not yet seen any major impact due to the credit crunch and so we hope to be able to make a significant donation to UK charities."
In addition to a drop in regular donations due to a lack of expendable income, there has also been a fall in legacy donations. Lower property prices combined with a difficulty in selling property has adversely affected the income from bequeathed property that many charities rely on. For charities that rely on such donations, contributions like this from Dendrite Media will hopefully help ease the pain.
Asked about their current business, the spokesperson for Dendrite Media commented, "The July re-launch of our popular casino review portal, penny-slot-machines.com, has been very successful. Our site now focuses on helping visitors that are looking for great value and entertainment from their casino slot play. This means we concentrate on free slot tournaments and no deposit bonus offers that allow players to enjoy slots and have the chance to win real money without needing to spend. We have been working hard to provide our visitors with the information they need to find the best online casino bonuses around."
The move by Dendrite Media to give company profits away to charities comes at a time when many high profile entrepreneurs, like Warren Buffet and Bill Gates are giving money to good causes. This new trends toward philanthropy is seen by many as a natural backlash to reports that the gap between the rich and the poor is becoming greater.
"Although our donations are of a much smaller scale than the high profile philanthropists, like Bill Gates, we firmly believe that every little bit helps. This is especially true where it comes to helping out worthy small charities that often get overlooked when it comes to giving," the spokesperson said, adding, "although we have already decided on the majority of the UK charities we will be giving to, we hope to be able to add more to the list towards the beginning of next month."
Penny-slot-machines.com intend to complete their donations to charity towards the end of November.
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