Tag Archives: fobt

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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GVC’s proposed Ladbrokes Coral acquisition cleared by CMA

The Competition and Markets Authority (CMA) has announced that it has cleared the proposed GVC takeover of Ladbrokes Coral, following a merger investigation. Revealing the case is not to be referred for a more in-depth investigation, the CMA found that “the merger does not give rise to competition concerns.” Addressing arguments that the merge could create a “a substantial lessening …

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Winning Post – UKGC recommendation gives hope to bookies

Regulus Partners, the strategic consultancy focused on international gambling and related industries, gives an insight into some of the key developments in the gambling industry as part of its ‘Winning Post’ column. UK: DCMS Review – Gambling Commission recommendations The Gambling Commission has published its advice to the government on action to be taken under the DCMS Review into machine stakes, …

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