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UK Bookmaker Comments on FOBT Issue
Sunday January 12,2014 : BOOKIE RESPONDS ON F.O.B.T. ISSUE (Update)
Outlines industry measures on betting shop machines
Against a backdrop of a failed parliamentary vote to restrict Fixed Odds Betting Terminals and a largely negative UK media blizzard of criticism of the betting machines, a UK bookmaker has commented on the issue in a bid to allay concerns.
The William Hill plc spokesman noted the industry was due to voluntarily introduce a responsible gambling code by March 2013, while a detailed study into the machines and their impact is due to be completed in the UK autumn.
“The industry will continue to work with both Government and the regulator to look at more harm reduction measures, such as increasing the level of responsible gambling messaging in advertising, to supplement the code,” he said.
"We believe that a harm reduction strategy should be informed by facts.”
William Hill is less reliant on FOBTs than its main rival Ladbrokes, the Express newspaper pointed out over the weekend.
According to Barclays analysts, Ladbrokes has greater exposure to the machines, with 43 percent of estimated earnings before interest and tax expected to come from them. They believe that terminals account for 26 percent of William Hill’s earnings, the newspaper reported.
Whilst bookie company shares took a hammering in the wake of the parliamentary debate and generally adverse media coverage last week, both Ladbrokes and William Hill investors are expecting solid results Thursday and Friday when both companies are due to post their latest full year performance figures.
William Hill’s 2013 takings are expected to be up 15 percent to GBP 1.5 billion according to City analysts, while flat revenues of GBP 1.1 billion are forecast for rival Ladbrokes.
Ladbrokes investors will be particularly interested to see how management has managed to improve the company's ailing internet and mobile gambling fortunes.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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