Fixed Odds Betting Terminals

Bookmaker shares plunge after report FOBT maximum stake could be slashed from £100 to £2

Posted on January 22, 2018 by admin

Shares in bookmakers plunged in early trading on Monday after a report over the weekend that the maximum stake on Fixed Odds Betting Terminals is set to be slashed to just £2 in a bid to crack down on problem gambling.

Read the full story in The Independent.

Maximum stake on UK fixed odds betting terminals to be cut to £2

Posted on January 22, 2018 by admin

The UK is set to announce a £2 maximum stake on lucrative gaming machines under a crackdown spearheaded by Matthew Hancock, the culture secretary.

The government has been consulting on proposals to reduce the maximum stake on fixed odds betting terminals, which allow gamblers to place bets of up to £100 every 20 seconds, to between £50 and £2.

Read the full story in The Financial Times.

Ministers urged to be bold with curbs on FOBTs

Posted on January 21, 2018 by admin

Campaigners have urged the government to be bold in its response to the problem of fixed-odds betting terminals (FOBTs) amid reports that a consultation on the issue closing this week will recommend slashing the maximum single bet from £100 to £2.

The consultation, ordered by the Department for Digital, Culture, Media and Sport (DCMS) in October, is due to close on Tuesday. It will examine what reduced maximum stake should be imposed, with a stated range of between £50 and £2.

Read the full story in The Guardian.

Bookies bracing for profit shock as fixed-odds betting stake looks set for cut to £2

Posted on January 21, 2018 by admin

Bookies are bracing themselves for their profits to be slashed – after it emerged that the Government is set to cut the maximum stake on fixed odds betting terminals to just £2.

Following a 12-week consultation which closes on Tuesday, Matt Hancock, the new Culture Secretary, is expected to impose the lowest maximum bet suggested by the review into the “crack cocaine” of the gambling sector.

Read the full story in The Telegraph.

£2 limit to curb ‘crack cocaine’ of gambling

Posted on January 21, 2018 by admin

The maximum stake on fixed odds betting terminals – dubbed the crack cocaine of high street gambling – is set to be slashed to £2 after the new culture secretary, Matt Hancock, decided the machines were a ‘social blight’.

Ministers have announced plans to cut the £100 maximum bet to between £2 and £50. A public consultation ends on Tuesday.

Read the full story in The Times.

Maximum stake on ‘crack-cocaine’ betting terminals ‘will be slashed to £2 after new Culture Secretary rules they are social blight’

Posted on January 21, 2018 by admin

The maximum stake which can be bet on so-called ‘crack cocaine’ fixed-odds betting terminals will be slashed to £2, it has been reported.

The new Culture Secretary Matt Hancock is said to have come down in favour of the decision after deciding the machines are a ‘social blight’.

Read the full story in The Daily Mail.

Shocking cost of social harm from gambling revealed with Glasgow on £35m slot machine loser

Posted on January 14, 2018 by admin

Glasgow is the UK city worst-affected by high-stakes slot machines, a new report has revealed.

Addiction to fixed odds betting terminals (FOBTs) costs the UK about £1.5billion in punters’ health issues, financial difficulties, relationship problems and crime, according to the study.

Read the full story in The Scottish Daily Record.

Money laundering, loan sharking, underage gambling, a betting shop murder and the pending review

Posted on January 10, 2018 by admin

The Campaign for Fairer Gambling writes about a Gambling Commission list of betting operators whose licences are at risk and argues that betting shops are no longer the safest place to gamble. (more…)

If the bookies can’t even run a self-exclusion scheme, what hope for preventing harm?

Posted on December 20, 2017 by admin

The Campaign for Fairer Gambling asks questions about the effectiveness of the Multi-Operator Self Exclusion Scheme (MOSES) operated by bookmakers. (more…)

Gambling addicts still hooked on machines as bookies fail to enforce scheme

Posted on December 17, 2017 by admin

A government scheme that is meant to allow staff at betting shops to bar problem gamblers has drawn fresh criticism after an investigation found that addicts are still being allowed to bet.

An undercover reporter posing as a known problem gambler who should have been ejected from bookmakers when attempting to use fixed-odds betting terminals (FOBTs) was asked to leave only two out of 21 betting shops.

Read the full story in The Guardian.