Tag Archives: fobts

New Gambling Commission stats reveal “very bad news” for betting shops

The Association of British Bookmakers (ABB) has expressed that the latest statistics from the Gambling Commission display “very bad news” for the future of British betting shops. The Gambling Commission revealed that there are now 8,502 betting shops in the UK, a fall of almost 4% within the last six months and a number that represents a continual decline in betting …

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Thanks Philip! No betting industry tax hike but industry faces tough 2018 context

The UK betting industry breathes a sigh of relief, as Chancellor of the Exchequer Philip Hammond has detailed no industry tax hike for the governments annual budget. Prior to yesterday’s budget presentation, a number of industry stakeholders had outlined concerns regarding further taxes being demanded from the UK betting sector. At Lunchtime, Hammond would present Commons a budget ‘designed to …

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Over 400,000 signatures collected as ‘Back Your Local Bookie’ campaign gets underway

Aiming to reaffirm the status of bookmakers as a hub of local communities, The Association of British Bookmakers (ABB) are encouraging people to sign a petition in support of the ‘Back Your Local Bookie’ campaign. Citing the interaction between the staff and the consumers, the campaign aims to assert the belief of the ABB that ‘responsible gambling is at the …

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David Clifton: Licensing Expert – Death knell sounded for FOBTs?

On 31 October, Gambling Minister Tracey Crouch announced the launch of a 12-week consultation on proposals for changes to gaming machines and social responsibility measures that will run until 23 January 2018. The consultation covers Government proposals relating to: maximum stakes and prizes for all categories of gaming machines permitted under the Gambling Act 2005 (including a reduction in the maximum stakes …

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Ladbrokes Coral digital recovery offsets UK retail declines

Publishing its Q3 trading update (period ending 29 October), FTSE-listed sports betting group Ladbrokes Coral Plc continues to record a strong digital momentum, offsetting the year decline of its UK retail betting division. Closing in on its first full-year of post-merger operations, Ladbrokes Coral reports improved Q3 group net revenues of 3%, primarily driven by a 12% net revenue uplift …

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DCMS confirms FOBT stake cut and demands enhanced player protection

Updating the market this morning, the UK Department for Digital, Culture, Media and Sport (DCMS) has opened a ’12-week consultation period for proposals on ‘changes to gaming machines and social responsibility requirements across the UK gambling sector’. The three Parliamentary Secretaries leading the government’s triennial industry review; Karen Bradley (Head of DCMS), Tracey Crouch (UK Sports Minister) and Lord Ashton …

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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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