Fixed-odds bets: ‘crack cocaine of gambling’ under scrutiny

Posted on November 2, 2017 by admin

Is this the end of the glory days of the fixed-odds betting terminals?

Following a year-long government inquiry, the machines – which currently allow players to bet up to £300 per minute on casino-style games – may see their maximum stake slashed from £100 per play to as little as £2.

Read the full story in The Week.

Fixed-odds machines left me a broken man, says ex-gambling addict

Posted on November 1, 2017 by admin

A former addict of fixed-odds betting terminals has said the machines left him a “broken man”.

Read the full story in The Sunday Herald.

Stakes on British fixed-odds betting machines rank among the highest in the developed world

Posted on October 21, 2017 by admin

The stakes on UK fixed-odds betting machines are almost the highest in the developed world. Here punters in bookies can gamble £100 a spin – up to five times a minute – to try to land a £500 jackpot.

Read the full story in The Daily Mirror.

The multimillionaires making a packet out of Britain’s gamblers

Posted on October 10, 2017 by admin

Within days, the government will announce the result of a gambling review examining, among other things, whether the maximum stake on fixed-odds betting terminals (FOBTs) should be cut.

The machines, which allow punters to stake up to £100 every 20 seconds, have become the pantomime villain of the industry, rarely appearing without their almost mandatory soubriquet – the “crack cocaine of gambling”.

Read the full story in The Guardian.

Labour ramps up the pressure on FOBTs as Paddy Power breaks ranks

Posted on October 4, 2017 by admin

The Campaign for Fairer Gambling sets out the on-going debate over fixed odds betting terminals following announcements at the Labour conference. (more…)

Duo behind the multimillion hit facing British bookmakers

Posted on September 30, 2017 by admin

Derek Webb and Matt Zarb-Cousin are not sure who came up with the attack line that has got them within striking distance of a major victory against Britain’s bookmakers.

Mr Webb, 67, is a former professional poker player who made a multimillion pound fortune as a casino game inventor. Mr Zarb-Cousin, 27, is an ex-gambling addict and former spin-doctor for Jeremy Corbyn, the Labour party’s leftwing leader.

Read the full story in The Financial Times.

Ladbrokes under investigation over gambler’s payday loans claim

Posted on September 29, 2017 by admin

Ladbrokes is being investigated by the Gambling Commission over an allegation that staff watched a gambling addict take out payday loands to fund hundreds of pounds of bets on fixed-odds betting terminals (FOBTs).

The claim, which comes as the government considers whether to slash the £100 maximum stake on the machines, drew fire from Labour and problem gamblers.

Read the full story in The Guardian.

‘He’s sweating and rubbing his nose. Within minutes, he’s lost £400 on the machines

Posted on September 17, 2017 by admin

With a crackdown on fixed-odds betting terminals on the way, reporter Jamie Doward spent the day at the bookies and discovered the true extent of the problem.

Read the full piece in The Guardian.

£13million lost to fixed odds betting terminals in South Lanarkshire in just one year

Posted on September 15, 2017 by admin

People across South Lanarkshire lost £13million in betting machines known as the ‘crack cocaine of gambling’ in just one year.

Figures, released by the Campaign for Fairer Gambling, show the cash was spent at fixed odds betting terminals in the county in the 2015/16 financial year.

Read the full story in The Daily Record.

North Lanarkshire gamblers lost nearly £100m on machines in last eight years

Posted on September 14, 2017 by admin

Alex Neil is calling for action to tackle “toxic” fixed-odds betting terminals (FOBTs) after new figures showed North Lanarkshire gamblers have lost nearly £90 million on the machines in the past eight years – including more than £13m in 2015-2016 alone.

Read the full story in The Daily Record.