Wednesday, 20 June, 2018

Fixed-odds betting machines shake-up CONFIRMED - 21000 jobs AT RISK

Bookies brace for big hit as Government caps FOBT stakes at £2 Ministers vow to 'protect the vulnerable' by slashing maximum stake on 'crack cocaine' gambling machines from £100 to £2
Jean Garcia | 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.

Recommended

  • Senate votes to ditch repeal of net neutrality

    Senate votes to ditch repeal of net neutrality

    It requires 218 votes to force a vote there, and only 160 House Democrats back the measure for now. Let's treat the internet like the public good that it is".

    Duke Realty (DRE) Boosted to "Purchase" at ValuEngine

    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.
    Centre announces ceasefire in Kashmir

    Centre announces ceasefire in Kashmir

    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.
  • Shehbaz Sharif presides over first parliamentary party meeting

    Shehbaz Sharif presides over first parliamentary party meeting

    A meeting of the National Security Council was also called which unanimously condemned the statement. The PML-N's Parliamentary Party felicitated Shahbaz Sharif for holding the presidentship of PML-N.
    Van Marwick trims Socceroos' provisional squad

    Van Marwick trims Socceroos' provisional squad

    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.
    DC Universe Announces Doom Patrol TV Series For Upcoming Streaming Service

    DC Universe Announces Doom Patrol TV Series For Upcoming Streaming Service

    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 .
  • Fortnite Duck Locations - Where To Find Rubber Duckies!

    Fortnite Duck Locations - Where To Find Rubber Duckies!

    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 .

    General Electric Co (NYSE:GE) Q4 2017 Sentiment Reported At 0.5

    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.

    On May, 22 International Game Technology PLC (IGT) EPS Estimated At $0.27

    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.
  • Iran, Venezuela weighing on oil market: IEA

    Iran, Venezuela weighing on oil market: IEA

    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.
    All-New Honda Amaze launched at Rs 5.59 lakh

    All-New Honda Amaze launched at Rs 5.59 lakh

    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.
    Ocado lands major Kroger Smart Platform deal

    Ocado lands major Kroger Smart Platform deal

    He added: "We are actively creating a seamless digital experience for our customers". Ocado will also allow Kroger to use its online shopping and logistics technology.

White Woman Calls Police on Black Real Estate Investor Inspecting House White Woman Calls Police on Black Real Estate Investor Inspecting House Albert then asked Hayes to "hurry up" and finish taking his photos of the home so he could "get out" of her neighborhood. Checking out of an Airbnb . "Young black man out here trying to do what's right, and we get the police called on us".

Privileged if my Rs 100 cr film is called 'flop': Salman Khan Privileged if my Rs 100 cr film is called 'flop': Salman Khan When asked if he was concerned about the Jodhpur blackbuck verdict which came just after the last schedule of Race 3 where a huge amount of money was riding on him.

Capital Management LLC Takes Position in Walmart (WMT) 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 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.

The NES Classic video game console is making a comeback The NES Classic video game console is making a comeback It has generally seen higher production numbers than its predecessor. The company will retain the original pricing for both consoles. The SNES Classic was first launched in September 2017 .

Son Heung-min headlines Korea Republic's provisional WC squad Son Heung-min headlines Korea Republic's provisional WC squad Tottenham Hotspur attacker Son Heung-min and Ki Sung-yueng of Swansea City are among the star names selected. The team will play four friendly matches before its opening match against Sweden on June 18th.

FDA approves drug to help with opioid withdrawal symptoms 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.

Woman detained after feces flinging incident at Langley Tim Hortons Woman detained after feces flinging incident at Langley Tim Hortons Langley RCMP confirmed the incident happened Monday, and that a woman was detained and released on a promise to appear in court. The incident happened at the downtown location of Tim Horton's in Langley, British Columbia, southeast of Vancouver.

Cleveland Indians vs. Detroit Tigers, 5/16/2018 Prediction & Odds Cleveland Indians vs. Detroit Tigers, 5/16/2018 Prediction & Odds He allowed four runs and nine hits, including home runs by Tucker Barnhart, his third, and Scott Schebler, his fifth. Tigers left-hander Francisco Liriano had allowed just one run in the first two innings in his previous seven starts.

Law enforcement officers running for special olympics Law enforcement officers running for special olympics This year marks the 30th anniversary of the event and the 50th anniversary for Special Olympics. The Montana Summer Games will be May 15-18 with 11 sports and over 1,000 competitors.

The Coca-Cola Company (KO) Shares Obtained by Mission Wealth Management LP The Coca-Cola Company (KO) Shares Obtained by Mission Wealth Management LP First Long Island Investors Ltd Limited Liability Company reported 0.04% of its portfolio in The Coca-Cola Company ( NYSE :KO). The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link .

Study Finds Pop Music Has Gotten Sadder But Also More Danceable Study Finds Pop Music Has Gotten Sadder But Also More Danceable This lyrical trend is in tune with the overall increase in loneliness, social isolation and mental disorders across society.

'It: Chapter 2' Taps Andy Bean to Play Stanley '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 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 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.