Tag Archives: fobt

Independent Content Services: Looking ahead to 2019

US - Copyright: stillfx / 123RF Stock Photo

Andrew Morgan, International Director at Independent Content Services, anticipates 2019 will be all about M&A, the USA and the ongoing rise of esports. It has been another incredible year for the global online gambling industry. From power-play acquisitions to new markets opening their doors to legal betting for the very first time, the past 12 months have been transformational for …

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Year in Review: The impact of FOBT regulations

It has proven to be a very tumultuous year for the retail betting sector, with 151 stores closing to the public between March and September. The big four – Ladbrokes Coral, William Hill, Betfred and Paddy Power – continued to dominate the retail scene, holding 87 per cent of betting shops in Great Britain. Generally, however, stores have been struggling …

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ARC plans for 1,000 betting shop closures with £3m prize cuts

Arena Racing Company (ARC) is set to be tightening its belts following the Government’s decision to crackdown on Fixed Odds Betting Terminals (FOBTs), announcing a reduction to its prize-money contribution by £3 million in 2019. The racetrack operator told The Racing Post that further reductions in prize money could not be ruled out, and that ARC “simply cannot continue” to maintain its …

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Winning Post – Industry feels impact of parliament turbulence

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. UK: Politics – What did you do during the Brexit? The folly of the British gambling lobby was laid painfully bare in Westminster this week. Against the backdrop of the United Kingdom’s …

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Rebel MPs seek to force Treasury’s hand over FOBTs

The Treasury’s decision to delay the implementation of a £2 maximum stake on fixed-odds-betting-terminals (FOBTs) until October has led to a revolt amongst Tory MPs. Defiance over the delay has mounted since Tracey Crouch resigned from the Department for Digital, Culture, Media & Sports (DCMS) in the immediate aftermath of Chancellor Philip Hammond’s controversial budget announcement. Whilst Theresa May places her …

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Winning Post: Industry braced for budget blow

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. UK: Politics – Budget Day to bring tricks not treats The pumpkins are out, fake cobweb and plastic skeletons adorn the pubs – but Halloween may come early for gambling operators with …

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Winning Post – FOBT waiting game continues

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. UK: Problem Gambling Rate Declines – That’s Good, Right? Good things it appears, do come to those who wait. GB Gambling Commission executives have made much in recent times of the need …

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GVC Holdings rules out judicial review of FOBT decision despite £160m hit

GVC Plc, the owner of Ladbrokes Coral, has appealed for time to implement the new £2 stake for B2 Gaming Machines, given that it will cost the company £160m as soon as the cut is implemented, and said that it does not intend to seek a judicial review of the DCMS‘ decision. In an update to the stock market, the …

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There are no winners in a race to the bottom

Chris Murphy, Editor of SBC Americas, takes a look at some of the political infighting happening in the UK around FOBTs and suggests that the industry should be working with each other rather than against.  The fixed odds betting terminal. Crack cocaine of gambling or simply a misunderstood gambling prodigy? Whichever of those two you agree with, or perhaps it’s …

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GVC Holdings completes long awaited Ladbrokes Coral acquisition

The long mooted takeover of the Ladbrokes Coral Group by GVC Holdings has finally reached completion, in a deal that could eventually be worth up to £4bn, just days after the High Court of England and Wales sanctioned the deal. With its shares now delisted from the London stock exchange, as part of the agreement the admission of 271,816,558 ordinary …

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