FOBT's cut to £2 maximum stake

[TightEnd]

is online slots/casino gaming next for attention, where for example i could win or lose a lot of money on a single roulette spin right now, next?

or is the fact that much of it is domiciled offshore a protection for the operators?

[Marky147]

is online slots/casino gaming next for attention, where for example i could win or lose a lot of money on a single roulette spin right now, next?

or is the fact that much of it is domiciled offshore a protection for the operators?

It's already getting attention, after Hills got whacked for a lump (Was it £7m?)

No idea about the intricacies, but I know they're being forced to be more vigilant.

I don't get too bent up about the KYC, but did have nightmares with one casino, who wanted notarised documents, before they'd pay me out a slot win

[arbboy]

I have never understood the obsessions of replacing the lost tax revenue from fobts.  The money not blown in these machines will be spent elsewhere in the economy and be taxed at a much higher rate via VAT, other duties and income tax/NI on more labour intensive products.  I can't have it that just banning FOBT's won't increase the tax take naturally.

[Chompy]

Dan Weston
‏ @Tennisratings
7h7 hours ago

Bookmakers have been restricted - the ultimate irony?

[arbboy]

Fair play to ITV racing for tackling the issue head on today in a balanced manner across all their presenters. 

[Jamier-Host]

Slot players also unaffected

Plenty of people play for >£2 a spin

[arbboy]

Slot players also unaffected

Plenty of people play for >£2 a spin

I have never ever played slots on a FOBT.  How can they play for more than £2 a spin when the max spin is £2 and the max prize is £500 same as amusement arcades limits?  Why would you play for much more than £2 a spin when the top prize is only a monkey?  Casino slots have £5 max and £20000 jackpot i think.  Not 100% certain on this but interested to know how you can do it.

[Marky147]

Slot players also unaffected

Plenty of people play for >£2 a spin

I have never ever played slots on a FOBT.  How can they play for more than £2 a spin when the max spin is £2 and the max prize is £500 same as amusement arcades limits?  Why would you play for much more than £2 a spin when the top prize is only a monkey?  Casino slots have £5 max and £20000 jackpot.

I've never checked all the online slots, but the highest I've seen is £90 a spin on some of the 243 line games.

[arbboy]

Slot players also unaffected

Plenty of people play for >£2 a spin

I have never ever played slots on a FOBT.  How can they play for more than £2 a spin when the max spin is £2 and the max prize is £500 same as amusement arcades limits?  Why would you play for much more than £2 a spin when the top prize is only a monkey?  Casino slots have £5 max and £20000 jackpot.

I've never checked all the online slots, but the highest I've seen is £90 a spin on some of the 243 line games.

Sure but they are not subject to uk high street legal rules.  Think they are called B1/B2/B3 limit machines each has a different level.

[Marky147]

Slot players also unaffected

Plenty of people play for >£2 a spin

I have never ever played slots on a FOBT.  How can they play for more than £2 a spin when the max spin is £2 and the max prize is £500 same as amusement arcades limits?  Why would you play for much more than £2 a spin when the top prize is only a monkey?  Casino slots have £5 max and £20000 jackpot.

I've never checked all the online slots, but the highest I've seen is £90 a spin on some of the 243 line games.

Sure but they are not subject to uk high street legal rules.  Think they are called B1/B2/B3 limit machines each has a different level.

I probably should know that, but I only run the numbers to check the equity

[Doobs]

Slot players also unaffected

Plenty of people play for >£2 a spin

I have never ever played slots on a FOBT.  How can they play for more than £2 a spin when the max spin is £2 and the max prize is £500 same as amusement arcades limits?  Why would you play for much more than £2 a spin when the top prize is only a monkey?  Casino slots have £5 max and £20000 jackpot.

I've never checked all the online slots, but the highest I've seen is £90 a spin on some of the 243 line games.

Sure but they are not subject to uk high street legal rules.  Think they are called B1/B2/B3 limit machines each has a different level.

Won't they need a UKGC license, and isn't it possible that they could be limited further in the near future?  Guess people can always play on unregulated sites? 

[arbboy]

Every time my coin jar gets full i take great pleasure in dumping the lot into a FOBT in a number of local betting shops who don't take my bets and i really hate the shop manager before cashing the ticket out without playing at all.  Why do people pay 10% of their coins value for those change counting machines at supermarkets when you can really piss off a betting shop manager you hate and force him to leave his role late having to count bundles of change at the end of his shift?

At least now the limit is £2 i will be able to justify playing in 5p and 10p coins rather than notes should i ever get asked why i am doing what i am doing.  Long live the FOBT's.  Definitely providing a social service to the community.

[SuperJez]

is online slots/casino gaming next for attention, where for example i could win or lose a lot of money on a single roulette spin right now, next?

or is the fact that much of it is domiciled offshore a protection for the operators?

Online casinos/gambling operators that serve the UK have been legally domiciled here since the amendment to the 2005 gambling act (came into force December 2014).

This allows for consumer protection and law under UK legislation, it also allows a 15% tax rate to be levied on operators.  There is now no doubt where everything is happening "legally" when online gambling from the UK.  Previous to 2014 UK law was powerless to do much against criminal activity in online gambling from operators or players as it was deemed to be happening wherever the site was licenced.

The only operators that don't abide by these new rules are tiny rogue outfits the general public almost never will end up using.

I agree with the general point that people who used to play roulette for decent stakes on FOBT's will simply end up going online or find another avenue.  However the main problem to me with FOBT's was that when Corals (for example) have 84% of their entire turnover going through these machines it makes a "bookmaker" licence a bit of a fraud imo.  It's wrong to be able to front a casino on the highstreet under the guise of being a "bookmaker".

People should still be able to play roulette if they want to, but at an appropriately licenced casino, online or b&m.

[arbboy]

Will be nice to see the shop opening times revert to 10am to 10 minutes after the last afternoon race.  Most will sack off evening opening i would imagine as well as no one goes in at night other than to play roulette.  The days of them opening at 8am in the morning and closing at 10pm Sunday night must surely be over?

[Jamier-Host]

Slot players also unaffected

Plenty of people play for >£2 a spin

I have never ever played slots on a FOBT.  How can they play for more than £2 a spin when the max spin is £2 and the max prize is £500 same as amusement arcades limits?  Why would you play for much more than £2 a spin when the top prize is only a monkey?  Casino slots have £5 max and £20000 jackpot i think.  Not 100% certain on this but interested to know how you can do it.

Sorry, my mistake i think. Was thinking casino/online slots so you're prob right about how they're set up in the shops. As you were.