FBOT limits
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Game changing news for us today, although exactly how isn’t clear as we aren’t directly affected
If you focus on doom and gloom there will be less shop opportunities, and also less marketing from the biggies wanting their brand to be dragging people in shop
But they’ve known this is possible for a while so will have surely have a plan B, which may mean more opportunities for us as said plan B is promoted
I’ve mixed views. Partly as we need losing players to fund us!! But also as I’m not sure they are hitting the mark like they say they are here. I’ve long said the online companies should be forced to monitor problem players and sharper lines, as opposed to targeting problem players and monitoring winners. The government don’t seem to give a shit about this, so hard to see how today’s news is anything more than vote gaining.
+0May 17, 2018 at 12:48 pm
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The bookies campaign went over board with the doom and gloom on their campaign. They emphasized lost jobs, lost tax revenue and shop closures.
It’s laughable because these machines have always been illegal in Ireland and we have plenty of shop promos sometimes I think better than uk offers. And we have plenty of shops too. My nearest town has 1 paddy, 1 lad roles and 2 bar one bookies. And it’s a small town. The doom and gloom was exaggerated. The shops will survive and they will still make enough money to throw it around a bit and hopefully we can still catch some.
I think betfair/paddy power welcomed the change as well as a whole host of independent bookies like our mate Geoff banks. Betfair without a high street presence has been doing fine for years without the injection of FOBT profits and still able to have industry competitive odds and promos. Bet365 as well I guess.
Funniest comment on it I heard was a bookie sympathizer on the radio moaning about how it solves nothing. The ppl gambling in the shops at least they could be monitored and staff would know and could intervene. He went on to say that they will now all go to online platform where it’s not possible to restrict their losses! I’m thinking how funny it is that online they are so quick at restricting your winnings, but can do nothing about losses????!!! Really?
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Oh and plus, William hill and coral actually their shares went UP the day the FOBT rule was announced. Probably the US ruling helping.
They still make a ton of money, online casinos for example. FOBT might just be the tip of the ice berg. Maybe a bit more visible but online is still a problem.
+0Random question fog but what’s the pub closure rate like there? Not numbers wise but wondering if you’ve seen as big a bit to the traditional boozing pub we have.
I’d perceive pub drinkers as more likely to visit bookie shopsThey CAN do something about losses online, but means focusing on being a responsible bookie rather than targeting us!
I thought I read hills shares went down, but had previously gone up on the US ruling.
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I’m not really keeping a close eye on pub closures! Not noticed it to be a problem.
Yes I suppose that I wasn’t fair about the will hill market price, I think that they were hit hard enough as the rumors formed but then got boosted back up with the US news. On the day the limit was finally confirmed there was a drop but recovered fairly quickly and closed up for the day.
The fluctuations probably had nothing to do with FOBT and more to do with the rumors that the bookies them selves were spreading about shop closures and one rumour that gathered quite a bit of steam was a will hill takeover… I think their own campaign and the uncertainty they created caused a bit of lack of confidence in the market and affected their own value adversely….
Really though is the £2 limit going to be a big hit. What was the average stake before? Surely very very few were maxing out on 100 every spin. And ppl will play longer or they can transition them to online casino which is cheaper for them anyway as they can then close a few shops and save money on staff. They’ll be okay….
+0We’ve lost a lot pubs here, if people are a bit more old school over there with drinking/betting might be why you’ve coped without the FOBT.
Didn’t study what people were staking but had the feel the Coral by my work would struggle without it when I visited a few times before Christmas.
£2 prevents the ’tilt’ factor when someone hits a losing streak. Also rules out money laundering… read an article once about how drug dealers in London were using them to launder money! (winning receipt proof of income)I’m sure they’ll survive but may have an impact on shops over here. Which in turn may well have a wider affect on the biggies.
But in reality it’s probably like brexit where both sides spoke rubbish, was based on ego and politics without anyone quantifying the impact!!+0Won’t stop problem gambling. People will just do it online. I havent been in a betting shop in years and when I did there were no more than half dozen people.
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