Tag Archives: fobt

GVC suggests 900 of its betting shops will close

Ladbrokes

GVC Holdings has responded to the news of William Hill’s shop closures by outlining that 900 of its own Ladbrokes and Coral shops could face closure, which is ten per cent lower than its previous estimates made in April.  Similar to William Hill, GVC has attributed the potential closures to the FOBT stake cut brought in on 1 April of …

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William Hill confirms 700 shops to close following FOBT losses

UK bookmaker William Hill has confirmed that it will be closing approximately 700 betting shops, impacting 4,500 members of staff, following the introduction of the controversial FOBT legislation on 1 April. As detailed in a media statement, William Hill had entered into a consultation process with its retail colleagues. The statement explained: “This follows the Government’s decision to reduce the …

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Paul Graham, Mark Jarvis: The FOBT ruling has been tough for independent bookmakers

With the FOBT ruling coming into play earlier this year, the effect upon retail-focused bookmakers has been tough, with some having to close their doors for good. In a chat with Paul Graham from Mark Jarvis Racing, he told SBC that the FOBT ruling has been tough on independent bookmakers, but that he hopes the new partnership with FSB will …

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UKGC’s May stats reflect retail reality

The UK’s retail landscape has continued to suffer over recent months with the UK Gambling Commission (UKGC) reporting a 1.5 per cent decrease in the number of shops since March 2018. As part of the biannual statistics published by the regulator, the total number of betting shops has fallen to 8423, while licensed arcades and bingo premises have also dropped …

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Tracey Crouch joins Horse Welfare Board as independent member

Former Minister for Sport and Civil Society (DCMS), Tracey Crouch, has joined the British racing’s Horse Welfare Board after being appointed as an independent member.  The MP for Chatham and Aylesford will join Barry Johnson, President of the Royal College of Veterinary Surgeons and past Chairman of World Horse Welfare, on the board. The Welfare Board will oversee the promotion …

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Jeremy Wright blasts bookmakers for bypassing FOBT rules

Culture Secretary Jeremy Wright has hit back at bookmakers who have supposedly undermined the restraints imposed on Fixed Odds Betting Terminals (FOBTs), describing the actions as “disgraceful” in a recent Parliamentary session. The new restrictions on the terminals came into play on 1 April. Earlier in the month, however, The Guardian accused Paddy Power and Betfred of trying to circumvent …

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William Hill requests a 50% rent cut to offset potential FOBT losses

In a bid to offset any potential revenue losses incurred through the Fixed Odds Betting Terminals (FOBTs) ruling, William Hill has requested that its landlords reduce its rents by 50 per cent. As reported by Property Week, an open letter was issued to 2,000 landlords across the country at the beginning of the month requesting the rent cuts, effective immediately. …

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UKGC report finds gambling participation on the rise

A report released by the UK Gambling Commission (UKGC) looking into ‘Gambling participation in 2018: behaviour, awareness and attitudes’ has found that the number of people who have participated in gambling has increased since December 2017. The survey, carried out by telephone and online by independent market research company Populus, found that 46 per cent of respondents had participated in …

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Arc takes a firm stance on prize-money position

Arena Racecourse Company (ARC) has responded to threats of further boycotts from trainers over the cuts to prize-money contributions, by pointing out that the racing group will not be changing its position. The group’s CEO, Martin Cruddace, was on hand at Lingfield this Saturday to observe the Betway Winter Derby card. The meeting had been reduced from seven to five …

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Trainers blast ‘ridiculous’ cuts to Arc prize-money

Mark Johnston, a leading horse trainer, has blasted the Arena Racing Company’s (Arc) contribution to the prize-money as the racing group prepares to offset the government cuts to FOBT stakes. Arc announced in December 2018 that it “simply cannot continue” to maintain its current contributions to the prize-money fund, and would be issuing a reduction to its contribution by £3m. …

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