news

Treasury cannot be allowed to scupper a long overdue FOBT stake reduction

Posted on July 6, 2017 by admin

The Campaign for Fairer Gambling writes about progress to reduce stake levels on fixed odds betting terminals ahead of the publication of the DCMS review in October (more…)

Fixed-odds betting terminal review delayed until autumn

Posted on June 30, 2017 by admin

A long-awaited review of fixed-odds betting terminals (FOBTs) has been delayed until the autumn, following a rift between the Treasury and the government department responsible for the gambling industry over regulation of the controversial machines.

The government’s decision has been further complicated by the fact that MPs in the Democratic Unionist party, which holds the balance of power in parliament, are in favour of cutting the maximum FOBT stake from £100 to as low as £2.

Read the full story in The Guardian.

Labour’s Jo Stevens delivers PMQs burn to Theresa May over ‘reckless gambling’

Posted on June 28, 2017 by admin

Labour’s Jo Stevens delivered a ruthless burn to Theresa May during the first Prime Minister’s Questions of the new Parliament.

The Cardiff Central MP wants to see a crackdown on casino-like betting machines, one which tens of thousands of pounds are lost by gamblers every year.

Read the full story in The Huffington Post.

Why the Queen’s Speech tells us FOBT stake reduction to £2 is more likely

Posted on June 22, 2017 by admin

The Campaign for Fairer Gambling reflects on the Queen’s Speech and looks ahead to any future policy changes on fixed odds betting terminal stake levels. (more…)

Maidenhead gamblers lost £2m on fixed-odds betting terminals in 2016

Posted on June 18, 2017 by admin

Figures have revealed gamblers in Maidenhead lost nearly £2m on fixed-odds betting terminals (FOBT) in 2016 alone.

Data from Bacta, the trade association for the amusement and arcade gaming machine industry, shows £1,959,457 was lost on FOBTs in a total of 10 bookmakers with 37 FOBT machines in the area. Between 2008-2016, £13,275,046 was lost in total.

Read the full story in The Maidenhead Advertiser.

Gambling industry bets hung parliament will lead to tougher action on fixed-odds terminals

Posted on June 12, 2017 by admin

The UK’s hung Parliament is more likely to mean an aggressive cut to the size of stakes allowed on gambling machines – a move that could hit revenues across the industry, experts have said.

Punters can bet up to £100 a time on fixed odds betting terminals, known as FOBTs, but MPs had been considering whether to reduce this level as part of a wider triennial review of the gambling industry by the government.

Read the full story in The Telegraph.

Conservatives must now act on betting shop gaming machines after election

Posted on June 9, 2017 by admin

There was scarcely an odds-on chance in the main elections markets on Thursday morning that was not turned over when the votes were counted a few hours later, and shares in William Hill and Ladbrokes Coral plc rose steadily on Friday morning. Bookies love nothing more than a shock result.

The firms with off-course shops will have also welcomes the prediction by one industry analyst that the long-awaited review of stake levels in gaming machines may now be delayed still further, perhaps until the autumn. In the meantime, thousands of the Fixed Odds Betting Terminals (FOBTs) gaming machines will continue to rake in huge risk-free profits by offering punters the chance to gamble £100 every 20 seconds.

Read the full story in The Guardian.

Minority government worsens industry outlook on FOBT stakes

Posted on June 9, 2017 by admin

The power of an “anti-FOBT parliament” to shape the decision of the ongoing cross-party review following last night’s election result has increased “the likelihood of a more painful position” for the industry when it comes to setting the maximum stake level, a leading analyst has told iGaming Business.

Read the full story in iGaming Business.

Whatever the election result, Fairer Gambling wins

Posted on June 7, 2017 by admin

The Campaign for Fairer Gambling assesses the different manifesto pledges on fixed odds betting terminals and suggests that both Theresa May or Jeremy Corbyn would take action on FOBT stake reduction. (more…)

Tories have ‘shameful record’ on FOBT gambling, says Labour

Posted on June 6, 2017 by admin

The Labour party has accused the government of failing to act on fixed-odds betting terminals, after data showed that gamblers’ losses are largest in deprived areas and opposition-held constituencies.

A breakdown of estimated losses by parliamentary constituency shows that areas where voters chose Labour in the 2015 election make up eight of the top 10 most affected. Of 62 constituencies where gamblers lost more than £5m in 2015-16, 47 are Labour, five are Scottish National party areas and 10 are Conservative.

Read the full story in The Guardian.