Tag Archives: Matt Hancock

Scott Longley: The £2 reckoning – betting & racing face their nightmare

Following the conclusion of this week’s local elections, the Conservative government will likely move to implement a £2 FOBTs wagering limit, impacting all UK betting stakeholders. SBC contributor Scott Longley assess whether the government understands the consequences of its drastic cut, or if it can justify its FOBTs policy logic… _________________ Politics has trumped economics in the final stages of …

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Bookmakers make a last stand to Matt Hancock warning of ‘catastrophic FOBTs consequences’

The BBC has this weekend reported that UK betting bosses have penned a letter to Matt Hancock, Secretary of State for Culture, Media & Sport (DCMS), urging the government to drop its plans of implementing a £2 wagering limit on FOBTs machines. The letter to Hancock leader of DCMS, is supported by the leadership of GVC Holdings, William Hill, Betfred, Scotbet …

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Lottery firms plead for suspension of Parliamentary approval

Matchbook - Copyright: ventdusud / 123RF Stock Photo

The Lotto Betting Group is calling for Matt Hancock, the Secretary of State for Digital, Culture, Media and Sport (DCMS), to suspend a parliamentary process related to EuroMillions betting. The four companies who make up this opposition, World Lottery Club, Lottoland, Jackpot.com and Multilotto, currently exploit a loophole allowing punters to make cut price wagers on the EuroMillions draw. Launched …

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Ladbrokes chief warns of £2 FOBT ramifications

Ladbrokes Coral Chief Executive Jim Mullen has emphasised that cutting the stakes of fixed odds betting terminals (FOBTs) will not only have negative economic implications, but will also “fail to adequately address any issue of problem gambling”. Mullen was responding to a report in the Sunday Times, which claimed newly appointed culture secretary Matt Hancock is in favour of delivering a …

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DCMS to deliver UK bookmakers £2 FOBT nightmare scenario

UK news sources have this weekend reported, that highstreet bookmakers are likely to face their ‘nightmare scenario’ as the government will move to impose a £2 limit on FOBTs wagering levels. On Tuesday, the Department of Digital, Culture, Media and Sport (DCMS) will finish its 12-week consultation period relating to the government’s pending triennial industry review, focusing on FOBTS wagering …

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Winning Post – Significant statistics from Europe

regulatory - Copyright: convisum / 123RF Stock Photo

Regulus Partners, the strategic consultancy focused on international gambling and related industries, gives an insight into some of the key developments in the gambling industry as part of its ‘Winning Post’ column. Europe: Remote markets – Lies, damned lies and growth statistics. Italy’s online gambling market finished 2017 in style, with c. 34% overall regulated market growth (excluding lottery and …

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BHA “delighted” with the appointment of Matt Hancock

The British Horseracing Authority (BHA) has reacted positively to the appointment of Matt Hancock as Culture Secretary, in the cabinet reshuffle of Prime Minister Theresa May.   Within the UK Parliament, the Department for Digital, Culture, Media and Sport are accountable for all gambling matters, including Horseracing. Speaking about the appointment, BHA Chairman Steve Harman stated: “We’re delighted with the appointment …

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