Fixed-odds betting terminals take billions from gamblers

Posted on May 11, 2017 by admin

British gamblers have lost a total of £11bn on fixed-odds betting terminals (FOBTs) since 2008 – an average of £8,000 per person, according to new figures.

However, adds research consultancy Landman Economics, a core of 300,000 “problem gamblers” account for around 40 per cent of total, losing almost £15,000 each.

Read the full story in The Week.

High-stakes betting terminals “cost gambers £11billion in nine years”

Posted on May 11, 2017 by admin

Gamblers have lost £11.4billion on fixed odds ­betting terminals in just nine years, say economists.

The £100-a-spin casino game machines in betting shops have also cost the UK economy 186,000 jobs, research reveals.

An estimated £45.5billion has been staked on FOBTs, linked to addiction and anti-social behaviour, since the 2008 Gambling Act clarified their legal status.

Read the full story in The Daily Mirror.

Punters have lost over £11billion on fixed-odds gambling machines since 2008 – costing the economy 200,000 jobs

Posted on May 11, 2017 by admin

Gamblers have lost more than £11billion on in-store gaming machines in less than ten years, shocking new figures reveal.

Since 2008, fixed-odds betting terminals (FOBTs) are responsible for the loss of around 200,000 jobs in the UK, the report by Landman Economics shows, heaping the pressure on politicians to act quickly.

A proposed review of FOBTs was scrapped when the General Election was called, but Labour has pledged to cap the maximum stake at £2, with senior Tories believing Theresa May needs to follow suit.

Read the full story in the Daily Mail.

UK consumers lose over £11bn on FOBTs since 2008

Posted on May 11, 2017 by admin

Punters in the UK have lost more than £11 billion (€13.1 billion/$14.2 billion) on fixed odds betting terminals (FOBTs) since 2008, according to new research by Landman Economics.

The latest study found that approximately £50 billion has been wagered on the machines since 2008, which means that with the £11 billion deficit, the average UK punter has lost around £8,000.

Read the full story in iGaming Business.

Punters lose billions in fixed‑odds betting frenzy

Posted on May 11, 2017 by admin

Britons have lost £11 billion on fixed-odds betting terminals since 2008 in a gambling frenzy that has cost the economy almost 200,000 jobs, according to research.

The figures will heap pressure on Theresa May to outline Tory plans to clamp down on the machines. Labour has promised to cap stakes at £2 and a Conservative think tank has urged the prime minister to do the same.

A government review into the machines, known as FOBTs, was shelved once the election was called. The machines allow customers to bet up to £100 every 20 seconds on electronic casino games such as roulette. Campaigners say that the quick-fire play and high stakes encourage players to chase losses and the machines contribute to poverty, crime and family breakdown.

Read more in The Times

How did the Treasury allow the bookies to escape money-laundering regulations?

Posted on May 10, 2017 by admin

The Campaign for Fairer Gambling assesses evidence of gambling related crime and calls for this to be properly taken into account when DCMS decides on stake reduction measures for fixed odds betting terminals (FOBTs) after the general election. (more…)

Internel hits back at gambling industry body criticism after parliamentary watchdog finds transparency breaches

Posted on May 5, 2017 by admin

The public affairs firm Interel has accused a gambling industry body of overreacting in its response to the Parliamentary Commissioner for Standards’ finding that a parliamentary group the agency works for had breached transparency rules.

Read the full story in PR Week.

Press Freedom, Whistle-blowers, Judicial Reviews and the Horseracing Levy

Posted on May 4, 2017 by admin

The Campaign for Fairer Gambling writes about the bookmaking sector and concerns over whistle-blowers and the new horseracing levy. (more…)

Football international begs bookies to ban him from betting after becoming addicted to ‘crack cocaine of gambling’

Posted on May 4, 2017 by admin

A Scotland international football star has begged bookies to ban him from betting after spending thousands on bets labelled the ‘crack cocaine of gambling ‘

The unnamed £8m player sought help for an addiction to fixed-odds betting terminals (FOBTs) which allow punters to blow up to £100 every 20 seconds.

The star has joined a scheme which will see bookies staff refuse to serve him for 12 months. The scheme, operated by Ladbrokes, involves the players details being circulated to staff who will then block him from betting.

Read the full story in The Mirror 

Stowmarket drug user robbed betting shop to get help with his addiction

Posted on May 4, 2017 by admin

A Stowmarket drug user who robbed a betting shop afterwards told police that he had done it to get help with his addiction.

Martin Everdell, 35, threatened a worker at the town’s Coral Bookmakers, in the Market Place, while armed with a knife and got away with £140.

Ipswich Crown Court heard that Everdell, of The Grove, Stowmarket, walked into the shop on the evening of March 26 with a scarf covering his face.

Read more the full story in the Bury Free Press