Fixed Odds Betting Terminals

Problem gambling ‘takes a £30bn toll on nation’s happiness’, says study

Posted on April 19, 2017 by admin

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

Bookmakers fail to check ages of young gamblers

Posted on April 12, 2017 by admin

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

Betting shops must learn to live with curbs on ‘dangerous’ high-stakes machines, trade body warns

Posted on April 11, 2017 by admin

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

Bookies wait for outcome on fixed-odds stakes

Posted on April 11, 2017 by admin

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

A Westminster talking shop forgetting to listen to the elephant!

Posted on April 6, 2017 by admin

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…)

The research, the data, the caveats, the questions

Posted on April 6, 2017 by admin

Derek Webb, founder of the Campaign for Fairer Gambling provides more context to the FOBT fiasco.  (more…)

RSPH joins fight to remove Fixed Odds Betting Terminals from UK high streets

Posted on April 4, 2017 by admin

RSPH has become a Supporter of the All Party Parliamentary Group (APPG) on Fixed Odds Betting Terminals (FOBTs).

The Fixed Odds Betting Terminal APPG was established in 2016 as a forum for discussion and further investigation into the impact of FOBTs in UK communities. In January 2017, it launched the findings of its inquiry into the harm being caused on Britain’s high streets in the report Fixed Odds Betting Terminals – Assessing the Impact.

In March 2015, as part of its Health on the High Street campaign, RSPH called for a reduction in the maximum bet that can be placed in one game on FOBTs from £100 to £2. FOBTs have been described as the ‘crack cocaine’ of gambling, with their capacity to be played rapidly and repeatedly representing a serious addiction issue.

Read the full story on the RSPH website

A pro-FOBT party would be a very nasty party

Posted on March 30, 2017 by admin

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 

It’s going to get serious – bookies cannot defy gravity forever!

Posted on March 29, 2017 by admin

The Campaign for Fairer Gambling questions the data used by the gambling industry to assess the impact of bookie closures.  (more…)

Fixed-odds betting terminals shouldn’t be on the high street

Posted on March 28, 2017 by admin

“It is no surprise to see UK bookmakers making a vociferous defence of fixed-odds betting terminals (FOBTs). The government’s review of gaming machine stakes is imminent, and it is rightly taking a close look at tighter regulation of these hardcore, high-stakes gambling machines”

You can read the full opinion piece in The Times