UK Betting Giants Give in to Calls for FOBT Control Measures

UK Betting Giants Give in to Calls for FOBT Control Measures    

The top executives of betting giants Betfair, Coral, Ladbrokes, Paddy Power and William Hill all signed an open letter conveying the initial actions taken to institute control measures in the Fixed Odds Betting Terminals (FOBT). Their compliance comes in the wake of the rising public resentment and concern over the massive number of FOBTs proliferating in high streets of UK communities.

Although the betting equipment are widely popular among punters, it is undesirable to those opposing gambling, as the machines’ high-speed quality enables punters to process bets at a rate of £100 every 20 seconds. In a move to ensure that responsible gaming is maintained, the Association of British Bookmakers (ABB) has formulated rules that require the integration of a feature that enables punters to set a limit to the amount of money placed as wagers in the betting apparatus.

The ABB will also implement measures that impose mandatory breaks, in the event that the amount of money and time spent by the punter sets off the alarm signal and the alert messages. Such messages are aimed at raising the awareness not only of the punter concerned but also of the betting shop staff in attendance.

The corporate bookmakers stated that around 40,000 betting shop personnel have received training, so that they will know what to look for as signs of adverse gambling behavior and on how to properly approach bettors showing such signs. Other rules to be developed by the ABB will be based on the results of the analysis and tests being performed by the University of Lincoln.

However the leaders of the corporate bookmakers asserted that their FOBT patrons gamble responsibly, and that despite the advent of the machines, UK’s problem gambling level has remained low by international standards.

Sources: http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/10655971/Betting-leaders-letter-in-defence-of-fixed-odds-gaming.html
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/10656131/Betting-leaders-set-out-code-for-fixed-odds-gaming.html

February 24, 2014 by : posted in Gambling News No Comments