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New restrictions on Fixed Odds Betting Terminal wagering

Monday November 03,2014 : F.O.B.T. RESTRICTIONS TO BE ANNOUNCED TODAY
 
Punters will be required to select time or monetary limits.
 
British retail betting shop operators are expected to announce today (Monday) new restrictions on Fixed Odds Betting Terminal wagering which will require punters to impose time or bet limits on themselves.
 
Those who fail to do so will be forced by shop staff to take a break when they have been playing for 30 minutes or if their losses reach GBP 250, the Telegraph newspaper reports.
 
The restrictions are part of voluntary moves by operators to pre-empt government action on the controversial machines, which have become the focus of political, activist and media attention and campaigns in recent months .
 
It is understood that operators have set a date of January 30 next year for the full implementation of the operator-induced restrictions, which are accompanied by betting shop window notices on responsible gambling.  A new national Responsible Gambling Week in the final week of January 2015 will promote the changes.
 
High rollers who try to spend more than GBP 50 a session playing on FOBTs must be monitored and perhaps registered, the UK government has further recommended.
 
The initiatives are likely to have a calming effect on FOBT action, with operators reporting that 75 percent of punters who set their own money limits stop depositing when their limit has been reached.
 
Spokesmen for leading operators claim that only a small percentage of FOBT punters reach limits as high as the mandatory 30 minutes of play or GBP 250 in deposits; they say that the bulk of players use the FOBTs for between 5 and 8 minutes, and rarely lose more than GBP 7.
 
Despite the continuing public furore over FOBTs, operators hope the government will now allow the industry and its voluntary restrictions to settle down, appealing for a period of stability to accurately assess how helpful the voluntary moves have been.
 
The industry also awaits the report on FOBTs by the Responsible Gambling Trust, which is due to be published this month.
 
Major gambling companies have recently placed a fresh emphasis on responsible gambling; in September, Gala Coral, Ladbrokes, Paddy Power and William Hill announced the creation of an independent watchdog to name and shame companies which break pledges on responsible advertising, or persist in aggressive or predatory promotional activity.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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