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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."
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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