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F.O.B.T. MANUFACTURERS TO MEET WITH U.K. GOVERNMENT

Sunday April 6,2014 :  F.O.B.T. MANUFACTURERS TO MEET WITH U.K. GOVERNMENT
 
Stiff additional taxation - and some anomalies - to head the agenda.
 
UK companies involved in the manufacture of the controversial Fixed Odds Betting Terminals found in UK betting shops are to meet with British government officials on the recent imposition of punitive tax rates, reports the publication This Is Money.
 
FOBTs have become the subject of intense media and political debate over contested claims that they are addictive, appear to be targeted on residential areas whose occupants least can afford to play them, and are becoming increasingly common with the expansion of betting shops.
 
This Is Money reports that manufacturers SG Gaming (formerly Global Draw) and Inspired Gaming (owned by private equity firm Vitruvian Partners)  will meet with Helen Grant, Minister for Tourism, Sport and Equalities, on Tuesday in a bid to get the government to relax its stance, arguing that the FOBT industry is being unfairly targeted.
 
The companies will also flag what they believe to be an anomaly in the tax structures announced in the UK budget recently, where the Chancellor increased the machine gaming duty paid by bookmarkers on their betting terminals to 25 percent, but  slashed bingo tax to just 10 percent.
 
This means that a customer can now play exactly the same game on the same machine, for the same stake in a bingo club at a 10 percent rate but if played in a betting shop it will cost the operator 25 percent of gross profits.
 
SG Gaming’s managing director Phil Horne told This Is Money: "We were concerned that a lot of decisions were taken without examining the data, so we’re pleased the government is happy to talk through some of the issues with us."



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NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

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NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

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