Tag: paddy power betfair

UK bookmakers increase funding for problem gambling treatment

Bookmakers FOBT
Whether it’s too late in coming, it has at least finally come. The leading bookmakers have made good on their promise to raise their contribution to funding

New clinic opens, old cash calls continue

Addiction treatment clinic london
The head of the NHS in England has berated gambling chiefs for the “fraction” they spend on addiction treatment, in the very same week that five of...

FOBT revenues tumble 40 per cent, say betting shops

Paddy Power Betfair FOBT stakes
Early indications from major betting shop firms suggest that new FOBT stakes has slashed B2 revenue by around 40 per cent.

Paddy Power founder: Industry must tackle online problem gambling

stewart kenny paddy power
The founder and former chief executive of Paddy Power has criticised the company’s response to online problem gambling, the Times has reported. Stewart Kenny, who co-founded the bookmaker and was on the board until 2016, also called on the industry to limit the amount of money people lose online. He told The Times that mandatory limits were needed on money...

Paddy Power Betfair calls for FOBT stakes reduction in shock announcement

paddy power betfair fobt
Paddy Power Betfair has become the first major bookmaker to announce its support for reducing FOBT maximum stake levels, leaving the industry dumbfounded.   Perhaps accepting the inevitable, the surprise decision comes weeks before the government’s highly-anticipated triennial review on gambling, in which FOBT stakes are expected to come under fire. Breon Corcoran, Paddy Power Betfair CEO, was previously “ambivalent" about the...

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