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Tag: Bookmakers

Betfred sets high-street bookmakers up for £1bn rebate, paving the way for further claimants

Betfred High Street
A tribunal ruling in favour of Betfred could secure a £1bn tax rebate for bookmakers, while opening the door for operators in other sectors of the industry to pursue similar claims. Betfred has secured a legal victory over HMRC that could lead to a £1bn tax rebate for high-street bookmakers, as well as further implications for the industry. A First-tier tribunal (FFT)...

Industry event to discuss Future of the UK High Street Bookmakers

High Street
Panels and keynotes planned for September 13 at Soho Hotel, London Stakeholders in the future of the UK high street bookmakers will be taking part in a dedicated event taking place on 13 September that will look into how the industry should respond to the upcoming £2 maximum stake on B2 gaming machines. The event, to be held at the Soho...

Magnanimous in victory

FOBT, stakes, Industry, politics, finance
While the bookmakers continue to toil away at convincing the Treasury for a longer implementation period, all the while encouraging shop staff to push FOBTs harder than ever, Sam Spencer still believes the amusements industry must resist the urge to stick the knife in. The story of FOBT maximum stakes has been one of drama, deception, and dogma, but with...

FOBT stake cut delay until April 2020 is “unacceptable”

FOBT, stakes, Industry, politics, finance
According to The Times, a cut to the maximum stake on FOBTs will not be implemented until April 2020 following a backroom deal between the Treasury and bookmakers. Bacta, however, aims to ensure this “unacceptable” timeline does not occur. The long-sought after cut to the maximum stake on FOBTs will not be implemented until April 2020 following reports of a...

All bookie-backed hands on deck to stop £2 stake cut

William Hill/Ladbrokes
Betfred’s boss, Will Hill’s chairman, JenningBet’s MD and the bookie’s Bonnie and Clyde in parliament all scrambled last week to make a last ditch attempt to stop FOBTs maximum stake from being cut to £2. Bookmakers made what could be their last attempts at lobbying last week in anticipation of an announcement from the DCMS on the maximum stake for...

Victory for Newham residents as Government finally listens to calls to start addressing problem gambling

FOBT, stakes, Industry, politics, finance
Today, the Mayor of Newham, Rokhsana Fiaz welcomed the Government’s decision to reduce the maximum stake available on Fixed-Odds Betting Terminals (FOBTs) from £100 to £2. Mayor Fiaz said, “I am proud that as a Council, Newham has been at the forefront of the campaign to protect the poorest and most vulnerable. The industry has brought this upon itself by...

A logical mixup – Are arcades any riskier than FOBTs

responsible gambling
Does the ABB’s argument that arcades are risky, while FOBTs are safe, hold any water? Joseph Ewens considers the evidence. How can the ABB argue that there is no link between FOBTs and problem gambling and then suggest that arcades pose a greater risk? Let’s break down their argument. The one clear statement the Commission has made which backs up the...

Bookmakers ramped up “gifts” to MPs 
as triennial takes centre stage

Coinslot Bookmaker Gifts Triennial Review
A parliamentary register of interests reveals the bookmaker and horse racing lobbies have quadrupled their “donations” to MPs in the year ahead of the triennial review. Bookmakers and horse racing execs escalated their complements to British MPs in 2016, at a time when politicians have been weighing up tighter regulations on FOBTs. A register of MP’s interests, which details the value...

Amaya and William Hill merger talks abandoned

Coinslot bookmaker William Hill Amaya
UK bookmaker William Hill and Amaya, the Canada-based online poker giant, have walked away from talks of a possible £4.5bn (E5bn) merger. Earlier this month, the two companies responded to press speculation by confirming they were in discussions regarding a potential all-share “merger of equals”. “After canvassing views from a number of William Hill’s major shareholders, the board has decided that...