Two major charitable trusts that have given millions of dollars to organisations in the Bay of Plenty are about to undergo major structural changes. The Perry Foundation is set to merge with The Lion Foundation on January 1. The merger will see the collective organisation operate 261 gaming venues across the country, creating greater consolidation in the charitable gaming sector.

"The gaming industry is entering a period of significant change. We anticipate that this new organisation will be a key industry player and we remain committed to regulatory transparency and alignment with the Department of Internal Affairs," says Lion Foundation chairman Mike Smith.
"We will maximise the synergies of both charitable trusts and continue to support worthy community causes across the spectrum, including arts, culture, sports, education and health. Combined efficiencies and reduced administration costs will ultimately mean increased funds to assist even more community groups."