Saturday, January 29, 2022

Tag: Review

Downing Street to head review of Gambling Act

Gambling Act Review Autumn Downing st report
According to a report in The Guardian this weekend, not only is this government going ahead with its long-awaited review of the Gambling Act this autumn, but it’s a project being undertaken at the highest levels of state.

Gambling Act review pushed back by Covid-19

Gambling Act Reform
The Department for Digital, Culture, Media and Sport has stated the government’s proposed review into the Gambling Act could be postponed due to the impact of Coronavirus.

Balppa keen to see industry input to seaside regeneration review

The leisure industry’s trade body, Balppa, has welcomed Parliament’s decision to form a select committee to examine the state of Britain’s seaside resorts. Unveiled by the Lords only last week, Balppa chief Paul Kelly was quick to respond to the initiative, identifying the committee as a key step forward in regenerating the UK’s coast. “I was pleased to see that the...

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...

Ladbrokes Coral enlists bankers for advice before FOBT review

ladbrokes coral
Ladbrokes Coral is currently reviewing all corporate options in preparation for next month’s UK government triennial review of the industry FOBTs wagering and advertising standards.   Yesterday, the Sunday Times reported that the company’s governance has hired Deutsche Bank, Greenhill, and UBS as corporate advisers on "consolidation matters" in preparation for the government’s decision. The move follows concerns that the government will force a...

Church intervenes over Treasury’s ‘fake’ Triennial U turn

Coinslot - Church Triennial u turn
Christian groups are set to lobby government after rumours that its FOBT Triennial review has been excommunicated. Divine intervention, it seems, is being summoned, alongside the DUP whose influence on the government may well be more effective.   Days after assertions that Philip Hammond may scrap the government's Triennial plans to lower the maximum stakes on FOBTs, the chancellor faces pressure...

Ladbrokes chief warns of “doomsday” for betting shops

ladbrokes coral
Ladbrokes chief Jim Mullen highlights potential job losses and bleak future for betting shops ahead of the proposed B2 max stake drop.   Ladbrokes chief executive, Jim Mullen, has become the latest member of the bookmaking fraternity to speak publicly in defence of FOBTs. Speaking on the opening day of the Cheltenham festival, he quoted figures from a recent secret KPMG report,...

Gambling Commission report a mixed bag for coin-op

Coinslot - Gambling Commission Mixed bag Coinslot
The Gambling Commission’s latest report contains a mixed outlook for the coin-op community, says Tom Rush.   The Gambling Commission’s report released this week states that overall gambling participation has seen an overall increase of three percent, with 48 percent of people aged 16 or over having participated in at least one form of gambling in the past four weeks, although...