A pro-FOBT party would be a very nasty party

Posted on March 30, 2017 by admin
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On 13th March the Association of British Bookmakers (AAB) sponsored a post on ConservativeHome written by Greg Knight, MD of JenningsBet, entitled, “The Conservative Party is the party of small business. It should not turn its back on us.”

This supposed small business could be experiencing close to £100 million of funds deposited into Fixed Odds Betting Terminals (FOBTs), stakes wagered to the value of £500 million and profits of £20 million generated each year on its betting shop roulette machines.

This supposed small business also has a relationship with The Gaming Platform which is an Isle of Man entity for JenningsBet sports book, JenningsBet casino and JenningsBet poker. Mr Knight explained the taxes his company pays, but did not offer any explanation of the taxes avoided through accessing British gamblers from offshore.

Read the full piece on Conservative Home