Tag Archives: fobts

Raising the bar: Why FSB isn’t waving the white label flag to regulation

white label

FSB has implemented ‘state-of-the-art systems’ for customer protection to prevent future issues for its white label platform. Dave McDowell, FSB CEO, added that the recent crackdown on white label operators by the UK Gambling Commission (UKGC) shows that the regulator isn’t afraid to take “pretty severe measures” against companies who don’t raise their game when it comes to customer protection, …

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Northern Ireland launches public gambling consultation

A Northern Irish government department has confirmed that it will launch a public consultation on the creation of a new gambling policy and the effects of problem gambling. The consultation will form the basis of the advice which will be given to the next minister for communities, who will form a new gambling policy once the Northern Ireland Executive and …

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Racing must ‘adapt where necessary’ says BHA’s Nick Rust

Releasing its annual report and accounts for 2018, the British Horseracing Authority (BHA)’s chief executive Nick Rust explained that the ‘the BHA’s mandate to regulate independently on equine welfare was regularly questioned’ as it has been ‘challenged on multiple fronts.’ The report, released yesterday, includes a foreword from both Rust and new BHA chair Annamarie Phelps. Rust explained that while …

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ABB anticipates further shop closures during 2019

The impact of stake reductions on Fixed Odds Betting Terminals (FOBTs) is continuing to have a ‘profound impact’ upon UK bookmakers as the Association of British Bookmakers (ABB) anticipates further shop closures by the end of the year. The statement comes after retailers and unions have urged the government to take action over the rate of shop closures on UK …

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Richard Flint – Racing is a ‘critical friend’ of betting in tackling its regulatory predicaments

Ending his 17-year tenure at Sky Betting & Gaming (Sky Bet), industry figurehead Richard Flint has called for betting and racing leaders to work in partnership, tackling an ‘existential threat’ facing all betting stakeholders. Speaking to the Racing Post, Richard Flint the former Executive Chairman of Sky Bet, warned UK racing leaders not to be complacent in believing that their …

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William Hill closures ‘devastating’ says betting shop workers union

Issuing its response to the announcement that William Hill could be closing 700 of its betting shops which the betting shop workers union, Community, has described as ‘devastating.’ As announced yesterday, William Hill confirmed that it is taking part in a consultation with its retail counterparts over the possibility that the bookmaker could be shutting a large portion of its shops, with …

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Philip Bowcock: William Hill – Nominal response on responsibility has hurt industry’s profile 

Operators who have only donated nominal amounts to GambleAware for research, education and treatment would have been better not bothering, according to William Hill Group CEO Philp Bowcock.  Speaking at World GES in Barcelona, Bowcock touched on this week’s announcement from the UK’s biggest operators to increase the amount of money they provide to GambleAware by a factor of ten, …

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APBGG: There is no ‘one size fits all’ solution to tackling problem gambling

Industry figureheads and wider health and education stakeholders addressed the issue of whether ‘the gambling  industry is giving players enough control?’ – at the latest meeting of the Parliamentary All Party Betting and Gaming Group  –APBGG – (7 May 2019). The subject matter was discussed by Sarah Hanratty, Chief Executive Officer at the Senet Group; Damon De Ionno, Managing Director …

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£1bn cost of FOBT stake slash to bookmakers and horseracing

Warwick Bartlett and Lorien Pilling from the Global Betting & Gaming Consultancy (GBGC) have been looking at the implications of the reduction in Cat B2 gaming machine maximum stake from £100 to £2.  It doesn’t make pretty reading for retail bookmakers or the sector’s associated stakeholders. From 1 April 2019 the maximum stakes on FOBTs will be drastically reduced to …

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UK Policy Committee – DCMS’ FOBTs policy fits purpose but assumptions cannot be tested

The UK government’s independent Regulatory Policy Committee (RPC) has published its assessment of the Department for Digital, Culture, Media & Sport (DCMS) policy enforcement on ‘FOBTs wagering and social responsibility standards’. The RPC has reviewed whether DCMS inbound UK gambling FOBTs regulatory policy (to be enforced 1 April 2019), has effectively assessed social costs/benefits, industry impacts and further macro dynamics. …

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