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Author Topic: FOBT's cut to £2 maximum stake  (Read 18751 times)
4KSuited
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« Reply #60 on: February 07, 2019, 05:10:53 PM »

GB Horse racing cancelled for the next week while they combat equine flu.

Wonder if the bookies see this as a good thing? A few racing punters might be tempted by the FOBTs? (Please note that there’s a slightly tongue in cheekiness to this comment).

In the long term, though, surely the bigger firms will simply migrate the slots & roulette punters to their online casinos where the limits don’t currently apply. In the long run this may prove to be a better business model, notwithstanding new legislation. Tidys up the high street too; room for another coffee shop.
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arbboy
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« Reply #61 on: February 07, 2019, 05:12:40 PM »

GB Horse racing cancelled for the next week while they combat equine flu.

Wonder if the bookies see this as a good thing? A few racing punters might be tempted by the FOBTs? (Please note that there’s a slightly tongue in cheekiness to this comment).

In the long term, though, surely the bigger firms will simply migrate the slots & roulette punters to their online casinos where the limits don’t currently apply. In the long run this may prove to be a better business model, notwithstanding new legislation. Tidys up the high street too; room for another coffee shop.

How does the local drug dealer get £5k in readies into his online account in a shop and the firms get around the ML rules?
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tikay
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« Reply #62 on: February 07, 2019, 05:19:28 PM »

GB Horse racing cancelled for the next week while they combat equine flu.

Wonder if the bookies see this as a good thing?
A few racing punters might be tempted by the FOBTs? (Please note that there’s a slightly tongue in cheekiness to this comment).

In the long term, though, surely the bigger firms will simply migrate the slots & roulette punters to their online casinos where the limits don’t currently apply. In the long run this may prove to be a better business model, notwithstanding new legislation. Tidys up the high street too; room for another coffee shop.

Absolutely not.
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« Reply #63 on: February 07, 2019, 05:22:27 PM »

GVC I think escaped a bit as the amount they paid for Ladbrokes was conditional on the FOBT review result being favourable.

https://gvc-plc.com/statement-regarding-potential-acquisition-of-ladbrokes-coral-group-plc/

Ladbrokes used to be a good site back in the day (when I say back in the day I mean well over a decade ago).  Have been sewer rats for quite a while now sadly.
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arbboy
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« Reply #64 on: February 07, 2019, 05:25:19 PM »

GVC I think escaped a bit as the amount they paid for Ladbrokes was conditional on the FOBT review result being favourable.

https://gvc-plc.com/statement-regarding-potential-acquisition-of-ladbrokes-coral-group-plc/

Ladbrokes used to be a good site back in the day (when I say back in the day I mean well over a decade ago).  Have been sewer rats for quite a while now sadly.

They didn't escape they would have preferred to have paid the max for lolbrokes and the fobt's still allowed in current state.  They have paid less because they have bought a firm with very little value without fobt's.  I personally think they didn't think they would get banned and they punted the valuation if they did.  What they have bought at the discounted price probably isn't worth what they paid. 
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SuperJez
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« Reply #65 on: February 07, 2019, 05:27:09 PM »

How does the local drug dealer get £5k in readies into his online account in a shop and the firms get around the ML rules?

It will course still be possible, although the lack of full stake FOBT's takes away one avenue.  I have read of FOBT payout slips being used as some sort of evidence when drug dealers properties have been raided before.

Most of the industry appear to be using the new AML requirements (proof of source of wealth) as a way to delay/frustrate large withdrawals and to gather data on customers they don't like.  Some appear to be flat ignoring it.  They have a problem as these requirements are a massive turn off to genuine punters.
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SuperJez
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« Reply #66 on: February 07, 2019, 05:29:56 PM »

They didn't escape they would have preferred to have paid the max for lolbrokes and the fobt's still allowed in current state.  They have paid less because they have bought a firm with very little value without fobt's.  I personally think they didn't think they would get banned and they punted the valuation if they did.  What they have bought at the discounted price probably isn't worth what they paid.  

I agree mostly (which is why I said they escaped only "a bit").  They must be gutted and have definitely overpaid imo, but they did not have to shell out the full price.

Your bald friend has been much worse hit, sadly he has already made his fortune.
« Last Edit: February 07, 2019, 05:33:00 PM by SuperJez » Logged
arbboy
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« Reply #67 on: February 07, 2019, 05:32:30 PM »

I have never understood why shops couldn't just have a bank of ipads for punters to use in shops to play their casinos.  That would be funny to see a 2020 betting shop with loads of sofas and people sitting there with an ipad playing poker and roulette and simply cashing out over the counter.  Not a horse race in sight.  Jeremy Kyle and loose women on instead to keep the clients entertained.
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SuperJez
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« Reply #68 on: February 07, 2019, 05:32:42 PM »

In the long term, though, surely the bigger firms will simply migrate the slots & roulette punters to their online casinos where the limits don’t currently apply. In the long run this may prove to be a better business model, notwithstanding new legislation. Tidys up the high street too; room for another coffee shop.

This is what all the firms want but FOBT's targeted people for who online gambling is a problem.  You need to have KYC docs, a bank account etc to gamble online.  FOBT's were targeting cash in hand poor and vulnerable people who are desperate.  You see the homeless trying to spin up their money playing FOBT.  That cant really happen so easily trying to make them play online.
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arbboy
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« Reply #69 on: February 07, 2019, 05:35:20 PM »

In the long term, though, surely the bigger firms will simply migrate the slots & roulette punters to their online casinos where the limits don’t currently apply. In the long run this may prove to be a better business model, notwithstanding new legislation. Tidys up the high street too; room for another coffee shop.

This is what all the firms want but FOBT's targeted people for who online gambling is a problem.  You need to have KYC docs, a bank account etc to gamble online.  FOBT's were targeting cash in hand poor and vulnerable people who are desperate.  You see the homeless trying to spin up their money playing FOBT.  That cant really happen so easily trying to make them play online.

And the millions of illegals working cash in hand with zero way of betting online over the past decade because of no documents/bank accounts etc.
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« Reply #70 on: February 09, 2019, 02:20:22 PM »

And the millions of illegals working cash in hand with zero way of betting online over the past decade because of no documents/bank accounts etc.

 
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« Reply #71 on: March 08, 2019, 06:34:33 AM »

Have read the £2 stake limit is currently being trialed in Birmingham, in advance of the 1st April nationwide compliance date.  Apparently you can now get roulette with 5p chips.

I also hear that £20/£30/£40/£50 fortune spins are still present on the slots.  Except you must win them, by gambling £2 at a time in "premium" mode.  You will on average spend the face value of the spin to win one.  No idea if that is true or not as I only read about it on a forum, but if it is it does make a bit of a joke of the regulations.
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« Reply #72 on: March 12, 2019, 09:03:48 AM »

Yeah it’s true. But I don’t think it’s as bad because it still takes time to make those spins and even then you’re spinning for a chance to win a fortune game which might pay fuck all. It’s hardly an appealing prospect and I can’t see it being popular. This concept, a pre spin gamble, has also been around a while - some pub fruit machines had it 10+ years ago.
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« Reply #73 on: March 26, 2019, 02:41:19 PM »

https://www.theguardian.com/uk-news/2019/mar/25/william-hills-asks-for-rent-cuts-to-offset-loss-in-fixed-odds-income

Hills managed their over the counter business terribly for 20 years since the cash cows arrived now want the landlords to take the hit because they can't make their core business pay.  You couldn't make it up.  Get your prices right and lay a bet and then your pre 2000 business might return.  Remember you are called William Hill bookmakers not william hill casino.
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atdc21
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« Reply #74 on: March 26, 2019, 04:09:10 PM »

https://www.theguardian.com/uk-news/2019/mar/25/william-hills-asks-for-rent-cuts-to-offset-loss-in-fixed-odds-income

Hills managed their over the counter business terribly for 20 years since the cash cows arrived now want the landlords to take the hit because they can't make their core business pay.  You couldn't make it up.  Get your prices right and lay a bet and then your pre 2000 business might return.  Remember you are called William Hill bookmakers not william hill casino.

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