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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.

False smears by the bookmakers show how desperate they’ve become

Posted on June 1, 2017 by admin

Campaign for Fairer Gambling founder, Derek Webb, shares his thoughts on recent bookmaker tactics. (more…)

UK gamblers lost a record £14billion in just one year including £1.8bn in ‘crack cocaine’ roulette machines

Posted on May 27, 2017 by admin

British gamblers lost a record £13.8billion in the last year, and the sum could see the Government crack down hard as it prepares to review the industry.

According to the Gambling Commission, the £13.8billion sum was lost by gamblers in the UK between October 2015 and September 2016, and it includes an all-time high on Fixed Odds Betting Terminals (FOBTs).

Read the full story in The Daily Mail.

Revealed: Gambling addicts are losing more than £5,000 on ‘crack cocaine’ betting machines in a single session

Posted on May 27, 2017 by admin

The shocking financial losses suffered by gamblers using so-called ‘crack cocaine’ betting machines have been laid bare for the first time.

Punters are losing thousands of pounds in just a few hours playing on fixed-odds betting terminals (FOBTs).

On more than 650 occasions gamblers have blown more than £5,000 – about a fifth of the average national wage.

Read the full story in The Daily Mail.

Gamblers rack up record £14bn loss in a year

Posted on May 26, 2017 by admin

Gamblers in Britain have lost a record £13.8 billion in a year, including £1.82 billion on fixed-odds betting terminals.

The Gambling Commission said losses on FOBTs, which allow punters to stake up to £100 every 20 seconds and have been called the crack cocaine of gambling, increased by £57 million from the last update in November.

Read the full story in The Times.

UK gamblers lose £13.8bn in 2016

Posted on May 25, 2017 by admin

The UK Gambling commission has confirmed that British gamblers lost a record breaking £13.8bn in the year ending September 2016, an increase 2.9% from the previous period’s figures.

In a report published today, the commission also revealed that £1.82bn was lost by gamblers on fixed-odds betting terminals (FOBTs), higher than previous totals and despite the number of machines in operation only increasing by 9%.

Read the full story in Gambling Insider.