Tag Archives: fobts

William Hill predicts ‘unprecedented’ change will see 38% of shop estate unprofitable

William Hill has updated the market on the back of the Department for Digital, Culture, Media and Sport (DCMS) decision to reduce the maximum stake on B2 games from £100 to £2. Given the Government has specified its intended outcome, William Hill said it is providing preliminary guidance on the potential impact in order to help investors and analysts with their …

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Online taxes to rise as FOBT stakes slashed to £2 despite evidence

The government has rejected advice from the Gambling Commission and the Responsible Gambling Strategy Board (RGSB) and cut stakes on B2 Gaming Machines – FOBTs – down from £100 to £2. The announcement was made this morning by DCMS minister Tracey Crouch and could have wide repercussions for the retail betting industry, horseracing and online gaming operations. Both William Hill CEO Philip …

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Scott Longley: The £2 reckoning – betting & racing face their nightmare

Following the conclusion of this week’s local elections, the Conservative government will likely move to implement a £2 FOBTs wagering limit, impacting all UK betting stakeholders. SBC contributor Scott Longley assess whether the government understands the consequences of its drastic cut, or if it can justify its FOBTs policy logic… _________________ Politics has trumped economics in the final stages of …

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Winning Post – Tories toughen stance on FOBTs

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. Global: Tennis integrity – changing the game? The tennis integrity Independent Review Panel has published its long-awaited interim report, which includes a raft of recommendations aimed at improving the sport’s efforts to …

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Waiting Game… Unsure Hammond delays industry FOBTs judgement

UK news sources have this morning, reported that the government will delay once more it’s pending triennial review judgement on industry FOBTs wagering and advertising standards. Parliament insiders have detailed that UK Chancellor Phillip Hammond, has put the government’s decision ‘on hold’, with the judgement to be made following the conclusion of England’s local council elections on 3 May. According …

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High Court approval of GVC terms signals closing time on Ladbrokes Coral Plc

The High Court of England & Wales has sanctioned the outright takeover of Ladbrokes Coral Plc by GVC Holdings, clearing the deals ‘recommended offer’ for investors. GVC governance clears another final hurdle towards securing its industry-changing takeover of Ladbrokes Coral, which this March received both its investor and UK Competition & Markets (CMA) approval. Updating stakeholders, GVC details that its …

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Winning Post: Match-fixing allegations rock Albanian football

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. GB: horseracing – barriers belong on the course only… A week since the Cheltenham Festival concluded. Better to let the dust settle before drawing significant conclusions. However, some important …

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David Clifton: Licensing Expert – First thoughts on UKGC’s FOBTs & social responsibility recommendations

It’s been a long wait, and an even longer debate, but in an announcement that will undoubtedly have a very strong influence on Government gambling policy, the UK Gambling Commission has advised that whilst a stake reduction for FOBT (category B2) machines is appropriate to reduce the risk of gambling-related harm, that alone is unlikely to have more than a …

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Gambling Commission recommends £30/£2 FOBT stake limits to Government

The Gambling Commission is recommending that the stake levels on FOBT (B2) gaming machines be cut to £2 for slots-based games and £30 for non-slots games such as roulette. The recommendation would be a fillip for bookmakers who are fearing that the staking levels on the machines would be cut to £2 across both types of game, a move which would …

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Martin Wester: Kambi – It’s time to modernise the retail betting experience

Kambi’s head of retail product development Martin Wester believes smartphone adoption among older generations means the day of betting slips and pens could be numbered… _____________________ Whatever the result of the UK Triennial Review, which could see the maximum stake on FOBTs to cut to £2 per spin, the very public debate which engulfed the issue has certainly brought the …

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