Tag Archives: fobts

October pains… UK DCMS expected to delay final judgement on FOBTs wagering

UK newspapers The Times and The Guardian have reported that the Department for Digital, Culture, Media and Sport (DCMS) will seek to open a further ‘12-week consultation period’ for its ongoing review of FOBTs wagering levels. At present, it appears that DCMS will delay its judgement on whether to reduce FOBTs wagering from £100 max-bet to the reported options of £50, …

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Timeline – How the fate of fobts became such a deep seated issue

As the long awaited triennial review of gaming machines stakes and prizes looms, it’s seemingly becoming increasingly likely that the result will be a crippling clampdown on the maximum stakes on fixed-odds-betting-terminals (FOBTs). Since the introduction of the Gambling Act in 2005, the political maelstrom that has engulfed FOBTs has inevitably intensified the levels of tension, and decreased the levels …

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Ladbrokes Coral reviewing ‘all options’ ahead of October industry judgement

Ladbrokes Coral Plc is reported to be reviewing all corporate options, as it prepares for this October’s much anticipated UK government triennial review of industry FOBTs wagering and advertising standards. This Weekend, The Sunday Times reported that Ladbrokes Coral governance has hired Deutsche Bank, Greenhill, and UBS as corporate advisors on ‘consolidation matters’ in preparation for the government’s decision. Industry executives …

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Jim Mullen – Industry is now in ‘burn the witch territory’

In an interview in the Racing Post, Ladbrokes Coral CEO Jim Mullen has again addressed concerns regarding this October’s industry review by the UK government of FOBTs wagering levels and advertising standards. As leader of the UK’s biggest retail bookmaker, Mullen admits to the Racing Post, that he has “probably invested far too much thinking time” on the outcome of …

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‘Treat Betting like Tobacco’…Labour pledges to end betting firms sponsoring football clubs

Labour Deputy Leader Tom Watson, wants UK football to ‘play its part in tackling the country’s hidden epidemic of gambling addiction’. A new Labour policy proposal, will seek to end football club shirt sponsorships by bookmakers and gambling related firms. Watson has stated to The Guardian newspaper, that the Labour Party will pledge to curb ‘the power of gambling firms’, …

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John White – Bacta – UK government has not ‘shelved’ FOBTs review

Bacta Chief Executive John White has reassured members that contrary to recent speculation, the review of FOBT stakes has not been shelved and is encouraging Chancellor Philip Hammond to take a ‘holistic view’ of the broad and powerful economic benefits contained within the association’s triennial submission. Commenting on last week’s FOBTs story which appeared in the Daily Mail, stating that …

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Snap General Election sees DCMS delay publication of industry FOBTs & Advertising review

The UK Department for Culture Media & Sports (DCMS) has chosen to delay the publication of its industry review of FOBTs practices and advertising standards following this week’s Snap General Election call by PM Theresa May. The report which is eagerly awaited by industry stakeholders was due to be published this April. However, in light of the General Election call …

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Jim Mullen – Stringent FOBTs limits will wipeout London bookmakers

Speaking to The Evening Standard on the opening day of the 2017 Cheltenham Festival, Ladbrokes Coral CEO Jim Mullen has warned the UK government that stringent limits on fixed-odds-betting-terminals (FOBTs) could force the closure of bookmakers and risk a significant number of job losses. UK bookmakers await the publication of the Department for Culture, Media and Sport (DCMS) official industry …

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Ladbrokes Coral CEO Jim Mullen: ‘take a serious look at the facts’ on FOBTs

Ladbrokes Coral CEO Jim Mullen has appealed to politicians to ‘step back from the fray’ and take a serious look at the facts in highly fractious debate around FOBTs. Writing a piece in the Daily Telegraph, replicated below, Mullen argues that the only impact that cutting stakes to £2 from £100 will have is the loss of thousands of jobs and …

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Scotbet Chairman criticises over-regulation of high street bookmakers

Scotbet - Copyright: jenifoto / 123RF Stock Photo

John Heaton, Chairman of Scotbet, has called upon the Scottish government to ‘strike a balance that respects the right of punters to spend their leisure time and money as they choose, while protecting the small number who get into difficulty’. Writing a column in The Scotsman, he cited the perceived problem of gambling addiction as a major reason for the …

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