The Campaign for Fairer Gambling asks questions about Gambling Commission data, which is being used as part of a DCMS review into stake levels on fixed odds betting terminals (FOBTs). (more…)
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…)
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 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.
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…)
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.
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.
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.
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.
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…)
LATEST NEWS & VIEWS
- 1. Hammer-wielding gambling addict smashed up bookies causing £36,000 damage in revenge after losing thousands
- 2. The Centre for Social Justice supports Fairer Gambling’s objective, and Paddy Power breaks ranks
- 3. Now Labour backs clampdown on ‘crack cocaine’ betting machines: Deputy leader Tom Watson says party supports efforts to limit stakes