Fixed-odds betting machines shake-up CONFIRMED - 21000 jobs AT RISK
Fixed-odds betting machines shake-up CONFIRMED - 21000 jobs AT RISK
Ministers vow to 'protect the vulnerable' by slashing maximum stake on 'crack cocaine' gambling machines from £100 to £2
17 May, 2018, 13:10
High street betting shops opposed such significant reductions in the maximum stake, claiming that thousands of jobs would be lost.
Swansea East Labour MP Carolyn Harris said she was "over the moon" vulnerable people would no longer be able to bet up to £100 every 20 seconds on electronic casino games.
Tom Watson, deputy leader of the Labour party and shadow secretary of state for Digital, Culture, Media and Sport, told the BBC's Today programme: "For five years now pretty much everyone in Westminster, Whitehall and in the country has known that these machines have had a very detrimental effect in communities up and down the land.The bookmakers have chosen to take a defiant approach, trying to face down parliament, really, with a very aggressive campaign". The move comes off the back of a fairly unrobust consultation which could well be open to a judicial review by the industry, should it wish to push that forward. Ireland's Paddy Power Betfair said already on Wednesday it was considering merging its US business with fantasy sports company FanDuel.
The Bishop of St Albans, Alan Smith - who played a leading role on behalf of the Church of England in the campaign to cut the maximum stake on FOBTs - welcomed the decision. It added that the limit could result in around 900 of its high streets shops becoming loss-making.
The government said the Gambling Commission would also toughen up protections around online gambling such as stronger age verification rules and proposals that require operators to set limits on gamblers' spending until affordability checks have been conducted.
Betting firm William Hill, makes just over half its retail revenues from FOBTs.
William Hill said the new regulation could lead to a 35 to 45 percent reduction in annual total gaming net revenue.
Stock Bulletin: Ascena Retail Grp Cmn (ASNA)
Analysts had forecast a larger decline of 2.155 million barrels. ( NASDAQ : ASNA ), with 0 analysts believing it is a strong buy. As took short look on profitability, the firm profit margin which was recorded -5.30%, and operating margin was noted at -4.80%.
Kenneth Alexander, CEO of GVC Holdings, said: "Although we are ultimately disappointed with the outcome of the Triennial Review, it is a decision we accept".
Shares in all three companies fell in early trading on Thursday, with William Hill, down almost 3 percent at one stage, hit hardest.
Expecting confirmation of a GBP2 limit, Mike Dixon, chief executive of drug and alcohol charity Addaction, said: "This is a big and important change for many people we work with".
Since Labour's 2005 Gambling Act the number of FOBTs - which offer casino-style games such as roulette - has increased from 20,000 to almost 35,000.
The government has not revealed what level it plans to raise the online tax to at this November's Budget, but an increase to 20% from the current 15% would appear to be the minimum, and it may opt for parity with the existing Machine Gaming Duty of 25%.
The government said on Thursday it had sought to ensure the gambling industry could grow and contribute to the economy while also remaining socially responsible. Following the announcement, the company's shares fell by 2.55%. We are increasing protections around online gambling, doing more on research, education and treatment of problem gambling and ensuring tighter rules around gambling advertising.
It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment. The relative strength index (RSI) reflected overbought area when it is above 70 and notifies oversold level when it is below 30.
Sources said the government would carefully monitor the situation. "They will take appropriate measures to ensure peace", he said. Forward posts in the Siachen Glacier, and posts and formations along the Line of Actual Control (LAC) are now being stocked.
Australia will gather for a training camp in Turkey before global matches against Czech Republic (1 June) and Hungary (9 June). And the announcement came as Cahill was unveiled as the face of the Socceroos' key sponsor Caltex's new advertising campaign.
Alan Moore's beloved Swamp Thing is also in development for the DC digital service, which is poised to launch this year. Aside from Doom Patrol , he is producing CBS's God Friended Me and Red Line and The CW's All American .
As if Tilted Towers isn't a killzone already, now you can get rewarded for taking down three players among the carnage. Players have to complete the match when they find rubber ducks or else it will not count toward the challenge .
Apg Asset Management Nv invested 0.48% of its portfolio in General Electric Company (NYSE:GE). 487,620 were reported by Bessemer. Broadleaf Partners LLC bought a new stake in shares of General Electric in the fourth quarter valued at approximately $195,000.
Market worth or Market capitalization is calculated by multiplying the price of a stock by its total number of outstanding shares. The shares of the company (TGT) staged the smart recovery as has roared back some 50.49% after stumbling to its new 52-weeks low.
For the past week, crude imports averaged 7.6 million barrels a day, up by 278,000 barrels a day compared with the previous week. Oil prices dropped sharply from 2014, seeing the price of a barrel reaching lows of $27 due to a huge glut in the market.
The Amaze gets dual-tone interiors with a 3-spoke multi-functional steering wheel and a twin-pod instrument cluster. The front seats have adjustable headrests and there's a centre armrest with cup holders in the rear.
Capital Management LLC Takes Position in Walmart (WMT)
Company's EPS for the prior five-years is valued at -8.5%, leading it to an EPS value of 3.08% for the next five years. State Farm Mutual Automobile Insurance stated it has 16.80 million shares or 2.08% of all its holdings.
PUBG Mobile announces the new 0.5.0 Miramar Update
Miramar has been in the PC version of PlayerUnknown's Battlegrounds since late 2017, although it has yet to come to the Xbox. The game's sounds are also optimised, with climbing, parachuting, and various other effects all improved.
FDA approves drug to help with opioid withdrawal symptoms
Federal regulators on Wednesday approved the first nonopioid treatment to ease withdrawal from quitting addictive opioids . There are several drugs on the market that can be used to treat the overall disorder, but some of them are hard to access.
'It: Chapter 2' Taps Andy Bean to Play Stanley
The first installment of the film was a massive hit, grossing $700 million worldwide including $327 at the U.S. box office. However, there are still a few Loser Club members left to cast and today's news reveals two more addition.
Tributes pour in for Jlloyd Samuel
May 15, near Warrington in the accident killed a famous football player Jay-Lloyd Samuel, according to British newspaper the Sun. Emergency services rushed to the scene on a country lane in High Legh, Cheshire, after his Range Rover collided with a van.
Notley to push ahead with bill cutting off oil to BC
If Alberta refuses to refer the legislation for review, he said B.C. will seek to overturn the law in Alberta courts. Cutting oil flow to B.C.is expected to cause price spikes in gas at the pumps along with other related fuel fees.