Tag Archives: fobts

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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DCMS to deliver UK bookmakers £2 FOBT nightmare scenario

UK news sources have this weekend reported, that highstreet bookmakers are likely to face their ‘nightmare scenario’ as the government will move to impose a £2 limit on FOBTs wagering levels. On Tuesday, the Department of Digital, Culture, Media and Sport (DCMS) will finish its 12-week consultation period relating to the government’s pending triennial industry review, focusing on FOBTS wagering …

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Matt Hancock leads DCMS in critical year for UK gambling sector

West Suffolk MP, Matt Hancock has been promoted to Secretary of Digital, Culture, Media and Sport (DCMS) following yesterday’s Conservative government cabinet reshuffle. Hancock (39), has served DCMS as Minister of Digital & Culture since 2016 and will replace Karen Bradley as leader of the department overseeing UK media and culture; standards, promotions, regulatory policies and social practices. In its …

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Betting shops facing bleak future as numbers keep dropping

The latest statistics from the UK Gambling Commission released at the end of last year contained with them some figures for betting shop closures that might yet be a sign of things to come for UK bookmakers. The total number of shops as of the end of September 2017 stood at 8,502, down 304 from March this year and 412 …

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GVC set for £4bn Ladbrokes Coral takeover

FTSE online gambling group GVC Holdings has today detailed its proposed bid for bookmaker Ladbrokes Coral Plc, putting forward a takeover deal that could be worth up to £4 billion, creating a new multi-channel, multi-market gambling group. Bringing clarity to its initial bid (first announced 7 December), GVC’s proposition values Ladbrokes Coral at 160.9p per share, equating to approximately £3.2 billion. However, deal …

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