Campaign for Fairer Gambling founder, Derek Webb, shares his thoughts on recent bookmaker tactics. (more…)
Britain’s biggest bookmaker weakened rules designed to tackle money laundering and problem gamblers in order to increase profits, a whistleblower claims.
Read the full story in The Times.
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
The Campaign for Fairer Gambling writes about the bookmaking sector and concerns over whistle-blowers and the new horseracing levy. (more…)
Can you put a price on misery? When it comes to problem gambling the answer, apparently, is yes.
A team of economists has calculated that if the UK’s hundreds of thousands of problem gamblers were to be cured of their addictions, the boost to the nation’s collective happiness would be equivalent to a £30bn windfall.
The work, based on an analysis of 10,000 adult gamblers presented at last week’s Royal Economic Society’s annual conference, suggests that around 0.7% of adults, about a third of a million people, are now classified as problem gamblers.
Read the full story in The Guardian
High street bookmakers are flouting age-check rules for users of betting machines linked to a rise in problem gambling, an undercover investigation has found.
Teenage “mystery shoppers” were able to use fixed-odds betting terminals without being challenged in 65 out of 108 shops run by some of the largest gambling chains. FOBTs, known as the “crack cocaine of gambling”, allow players to stake up to £100 every 20 seconds on casino games such as roulette and bingo. Last year punters lost £1.8 billion on the machines, according to the Gambling Commission.
Read the full story in The Times
The betting industry is “scaremongering” and must learn to live with forthcoming curbs on “dangerous” high-stakes gambling machines, a high-profile trade body has argued.
Bacta, the trade association for the UK’s amusement and gaming machine industry, has criticised research published by the bookmaking industry suggesting thousands of high street shops could close if the Government is overly punitive when it rules on the maximum punters can stake at one time on so-called “fixed odds betting terminals”, or FOBTs.
Read the full story in The Telegraph
Bookmakers have bet on unlikely saviours — Brexit, the Treasury, even the Queen — to halt a regulatory raid on earnings at Britain’s largest gambling companies.
Such hopes appear to be long shots as the government prepares to announce the findings of a review into the gambling industry that is threatening to upend the sector.
Among the issues being addressed by the Department for Culture, Media and Sport is the perceived harm caused by fixed-odds betting terminals (FOBTs) — gambling machines within betting shops which offer games like roulette.
Read the full story in the Financial Times
Campaign for Fairer Gambling founder Derek Webb criticises a recent event to discuss gambling policy which failed to address the issue of addiction to fixed odds betting terminals. (more…)
Derek Webb, founder of the Campaign for Fairer Gambling provides more context to the FOBT fiasco. (more…)