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.

UK gamblers rack up record losses as crackdown on industry looms

Posted on May 25, 2017 by admin

The losses accumulated by British gamblers hit a record high of £13.8bn in the year to the end of September, ahead of a planned crackdown on some of the industry’s most controversial aspects.

Figures released on Thursday (25 May), by the Gambling Commission also showed losses on the controversial fixed odds betting terminals (FOBTs) reached an all-time high of £1.8bn, compared with £1.7bn for the year to the end of September 2016.

Read the full story in the International Business Times.

UK gamblers lose record £13.8bn as industry braces for FOBT crackdown

Posted on May 25, 2017 by admin

British gamblers lost a record £13.8bn in the year ending September 2016, including an all-time high of £1.82bn on controversial fixed-odds betting terminals (FOBTs).

The figures, released by the industry regulator the Gambling Commission, come just weeks before a long-awaited government review of the industry is due to be published.

Read the full story in The Guardian.

Gamblers are losing £5million every DAY on ‘crack cocaine’ betting machines that allow players to stake up to £100 every 20 seconds

Posted on May 25, 2017 by admin

Gamblers lost a record £1.8billion on ‘crack cocaine’ betting machines last year – or nearly £5million a day.

The total for the year up to the end of September 2016 was £57million higher than the Gambling Commission’s last update in November.

The figures come amid expectations that the Government will unveil a crackdown on fixed-odds betting terminals (FOBTs) in the next few months.

Read the full story in The Daily Mail.

Jimmy McGovern: “FOBTs should not be on our high streets”

Posted on May 23, 2017 by admin

The Bafta-winning screenwriter Jimmy McGovern has condemned the “immoral” Fixed Odds Betting Terminals (FOBTs) piling misery on some of the country’s poorest communities.

McGovern, whose upcoming BBC series Broken looks at poverty in a working-class community in Liverpool, said debts were mounting as a result of the digital gambling games inside bookmakers.

Read the full story in The Big Issue.

General Election 2017: Labour pledges crackdown on FOBT machines

Posted on May 18, 2017 by admin

With some punters now betting on President Donald Trump being impeached and tossed out of office, politicians closer to home are looking to get rid of a particularly controversial kind of gambling market.

Labour has made a pledged a crackdown on Fixed Odds Betting Terminals (FOBTs), outlining a measure to reduce the maximum stake on the digital gaming machines to £2 in its general election manifesto.

Read the full story in The Big Issue.

Respublica backs FOBT clampdown as Times reveals £11bn lost since 2007

Posted on May 17, 2017 by admin

The Campaign for Fairer Gambling writes following the publication of the Labour manifesto and reflects on whether the next Government will finally take action on fixed odds betting terminals (FOBTs). (more…)

A stake in it for everyone; why Conservatives should support regulation of Fixed Odds Betting Terminals

Posted on May 15, 2017 by admin

FOBTs or B2 machines are highly addictive, one way we know this, according to research conducted by the Campaign for Fairer Gambling, is that FOBT users are much more likely to be ‘problem gamblers’, statistics from the gambling helpline showed that in one year (2011/2012) 28% of calls to the helpline were from gamblers who were experiencing problems owing to their use of FOBTs. In other words they ‘were much more likely to call the helpline than people involved in other forms of gambling’. We should be concerned because players of these casino-style games are at a high risk of financial ruin, this is not surprising considering that there are more than twice the number of betting shops in the poorest boroughs compared with the most affluent.

Read the full story on the ResPublica website.

Scottish punters lose £150million a year on a high stakes slot machines

Posted on May 14, 2017 by admin

Scottish punters are losing more than £150million a year on controversial high stakes slot machines, according to new research.

The study also suggests that spending on fixed odds betting terminals (FOBTs) has cost the Scottish economy more than 18,000 jobs over the past eight years.

Read the full story in The Daily Record.