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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.

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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