UK bookmakers in for nine-figure windfalls from FOBT tax ruling
UK retail bookmakers in for nine-figure payouts as taxman opts against appealing legal ruling that it unfairly taxed gaming machine revenue.
UK betting shops fold at an alarming rate
The crackdown in the U.K. on fixed-odds betting terminals (FOBT) is taking its toll, having gambling shops across the country “fighting for their lives.”
UK betting operators intro new gaming machine ‘time out’ rules
UK's Betting and Gaming Council announces introduction of Anonymous Player Awareness System that will impose time outs on gaming machines in betting shops.
UK taxman relies on lotteries, online casino to keep coffers full
Her Majesty's Revenue & Customs has successfully offset its lower tax take from fixed-odds betting terminals through higher online casino taxes.
GVC announces they may need to close 900 shops
GVC Holdings has reduced their estimate of shops they may need to close from 1000 to 900, but that’s still pretty bad.
William Hill to close 700 shops due to FOBT stake decrease
William Hill expects to lose as many as 4,500 employees, but simply can’t keep the shops running anymore.
BoyleSports makes its way into UK’s retail gaming industry
The Irish bookmaker has wanted to get deeper into gambling for some time and has now fulfilled its dream.
UK bookies face regulatory blow over FOBT stake cut dodge
UK Gambling Commission forces Paddy Power and Betfred to withdraw new products intended to circumvent new fixed-odds betting terminal stake cut.
Surprise! FOBT restrictions backfire
The new regulations went into effect on April 1, and appropriately enough for April Fool’s, the joke’s on them.
UK betting lockdown takes effect, casinos ready for blow
A major change related to fixed-odds betting terminals in the UK finally comes into effect. The maximum odds on the machines will be cut from £100 to £2.