Tag Archives: fobt

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 …

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 …

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, …

After securing a near majority approval of its shareholders to proceed with the proposed acquisition of Ladbrokes Coral Plc, GVC Holdings has further receivgo-aheado ahead of its investor counterparts at the FTSE100 betting  group. The transaction is now set to be forwarded on to the United Kingdom’s High Court for final judgement (target date 23 March) It has, however, been …

Independent bookmakers in the United Kingdom have made a written appeal to Prime Minister Theresa May, imploring the disregarding of a proposed £2 Fixed Odds Betting Terminal (FOBT) maximum stake. Ahead of government judgement on proposed wagering reduction, various representatives issued a reminder and agreement with May when she stated “From dynamic start-ups to established family firms, our small and …

The Association of British Bookmakers (ABB) has expressed its belief that a report which estimates the potential economic cost of cutting fixed odds betting terminal (FOBT) stakes to £2 was “flawed.” The report, which was conducted by the Centre for Economics and Business Research (CEBR) for the British Amusement Catering Trade Association (BACTA), came to the conclusion that if the …

This week’s long awaited triennial review of gaming machines stakes and prizes not only led to a 12 week consultation period, but also incited an incredibly heated debate in Parliament on Tuesday. As part of the debate, the case was made for how future regulations on terminals could have implications on the horse racing industry, both co-chairs of the all-party …

The UK Department for Digital, Culture, Media and Sport (DCMS) finally released its triennial review of gaming machines stakes and prizes this morning, ushering a 12 week period of proposals and consultation on industry changes. As part of the review, the Gambling minister Tracey Crouch underlined the importance of ‘striking the right balance between socially responsible growth and protecting the …

The Financial Times has revealed that Paddy Power Betfair chief executive Breon Corcoran has issued his support for significantly cutting the stakes of  fixed-odds betting terminals (FOBTs). In a letter to the minister at the Department for Culture, Media and Sport (DCMS), Tracey Crouch, Corcoran stated that due to the ‘toxic’ nature of the debate that now surrounds the terminals only significant action would …

Ahead of next month’s triennial stakes and prizes review by the DCMS, the Association of British Bookmakers (ABB) has reiterated that betting shops continue to offer ‘the safest place to gamble on the high street’. The government is facing mounting pressure from lobbying groups to slash the maximum stakes of FOBTs to just £2, however, the gambling industry has warned …