Bookmakers

Ladbrokes accused over child gamblers and criminality

Posted on November 12, 2013 by admin

Britain’s biggest bookmaker warned staff not to mention the words “children”, “smashed” and “money laundering” in company documents for fear of exposing the scale of underage gambling and criminality in betting shops, a former company executive has said.

Paul Pearce, who was with Ladbrokes for 48 years and worked in the security team overseeing 2,000 shops from the company’s London headquarters, contacted the Guardian after the paper’s investigation into how high street betting shops were being used to launder drug money.

Read the full article in The Guardian online.

The gambling machines helping drug dealers ‘turn dirty money clean’

Posted on November 11, 2013 by admin

Dressed in a grey hoodie and jeans, James, 24, looks like just another lost soul in the high street, shuttling between the six betting shops in an east coast seaside town. It’s a weekday morning and if you catch up with him inside a bookmaker, you’ll find him peering intently into the green glowing screen of an electronic gambling machine – feeding in £200, “a score at a time”.

But this is not a young gambler blowing his meagre wages. James is a drug dealer and his interest in the bookmakers – and the fixed-odds betting terminals (FOBTs) in each shop – is all about laundering money. “That’s what turns dirty money clean,” he says. Dealers feed their drug money through the machines, losing a little and then cashing out with the vast majority of their stake, James says. They can then collect a printed ticket showing they have gambled that day – meaning that if stopped by police, they can answer questions about why an apparently unemployed young man carries hundreds of pounds in rolled-up cash.

Read the full article in The Guardian online.

Simon Read: Payday lenders are in denial over targeting advertising at children

Posted on November 11, 2013 by admin

You might assume that payday lenders are very thick-skinned, especially given their robust defence of their activities before a committee of MPs this week. But it seems there are some activities with which even they don’t like to be linked. Specifically, they took umbrage after being accused of “grooming” children.

Payday-loan mouthpiece Russell Hamblin-Boone of the Consumer Finance Association, who was one of those dragged in front of the Parliamentary Select Committee on Tuesday, said: “It is irresponsible and wholly inappropriate to suggest that lenders are deliberately targeting children for any purpose.”

Read the full article in The Independent online.

Liverpool first city to ban high-speed betting machines

Posted on November 8, 2013 by admin

High-speed betting machines on which punters can lose thousands of pounds in minutes will be outlawed in Liverpool, making it the first UK city to first their use.

Read the full article in The Independent i.

City wants ban on ‘crack cocaine’ betting machines

Posted on November 8, 2013 by admin

A council has demanded a ban on electronic betting machines – dubbed the crack cocaine of gambling – because of the growing problem of addiction.

Read the full article in The Daily Mail.

 

City wants ban on ‘crack cocaine’ betting machines: Liverpool Council warns people are losing jobs and turning to loan sharks because they are addicted to games

Posted on November 8, 2013 by admin

A council has demanded a ban on electronic betting machines – dubbed the crack cocaine of gambling – because of the growing problem of addiction.

Fixed-odds betting terminals allow punters to use debit cards and gamble up to £300 a minute – more than four times faster than casinos’ rate of play.

According to recent research, bookmakers are becoming increasingly reliant on them for revenue, with 80 per cent of their turnover coming from the machines.

Read the full article in The Daily Mail online.

Liverpool votes to ban gambling machines

Posted on November 7, 2013 by admin

Liverpool city council has voted to ban high-stakes, high-speed gambling machines, with councillors claiming that people are losing money they can ill afford to in betting shops.

Councillor Nick Small, who tabled the motion, said the city would be asking the government to either ban fixed-odds betting terminals (FOBTs) or give councils powers to limit stakes and/or prizes on the machines, and restrict how many betting shops can open in certain areas.

Read the full article in The Guardian online.

Campaign slams government inaction on FOBTs

Posted on October 24, 2013 by admin

In its announcement on the Triennial Review of gaming machine stakes and prizes, the DCMS left the stake and prize levels of FOBTs untouched.

Read the full article in Coinslot magazine here.

Executive Summary: The Campaign’s Triennial Review submission

Posted on October 16, 2013 by admin

Following the announcement of the Triennial Review of Gaming Machine Stakes and Prizes in January 2013, the Campaign set to work gathering as much evidence as possible to aid the DCMS in its review – especially in relation to B2 machines, also known as Fixed Odds Betting Terminals (FOBTs).

The Campaign’s full submission was exceptionally detailed, but for a quick summary of the concerns, statistics, evidence and opinions that were raised, please take a look at our condensed executive summary.

For more on the Campaign’s reaction to the Triennial Review, please click here to view our recent press release.

Bookies saved from fresh drive against ‘crack cocaine’ of gambling machines

Posted on October 11, 2013 by admin

Anti-gambling campaigners have criticised a government decision to take no action against betting shop machines dubbed the “crack cocaine of gambling”.

Bookmakers breathed a sigh of relief yesterday after the Department for Culture, Media and Sport said it had decided not to reduce stakes or prizes on lucrative fixed-odds betting terminals (FOBTs), where punters can stake £100 per play and win a jackpot of £500.

Read the full article in The Times online.