You just have to pay attention to what people need and what has not been done. --- Russell Simmons |
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4th May 2017 | SHARE THIS | ||
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The Story | |||
UK bookmakers are crying “I told you so” after an investigation revealed that a parliamentary report slamming fixed-odds betting terminals (FOBT) in high street betting shops was riddled with breaches on transparency rules. | |||
Wait. What’s the beef of the bookies with the MPs? |
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Sure! It started last January when the Association of British Bookmakers (ABB) called for “an urgent inquiry” into a FOBT report compiled by the All-Party Parliamentary Group (APPG). APPG sought to reduce the maximum stake available on FOBTs from £100 to just £2, and it also called for the reduction of the current maximum of four FOBTs per shop. |
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That proposal is plain bull! |
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I hear you. Of course, the bookmakers opposed and even alleged that APPG pocketed money from organizations that stood to benefit from FOBT curbs. |
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That is a very serious allegation. |
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Damn right, it is! And they were right! Parliamentary Commissioner for Standards Kathryn Hudson found that APPG indeed received money from ABB’s rivals. Hudson also found that APPG’s report failed to keep a record of attendance or take proper minutes at its meetings; and that it failed to clarify that it is not an official publication of the House of Commons. |
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Now that’s a lot of omissions. I’m sure the APPG got spanked for this. |
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Nope. Hudson said that these breaches were not grave and there was “no deliberate attempt to mislead.” And since APPG chair Carolyn Harris already apologized for these errors, all is well again. |
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Womp womp womp. The bookies aren’t pleased! |
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Yes! ABB’s Malcolm George did not mince words when he said that APPG’s members were “revealed as serial offenders for their misleading report,” which George called “a shambolic, shoddy and one-sided piece of work.” |
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Takeaway? | |||
The bookmakers may have won this first round against the APPG. But until the government finishes its review on UK’s gambling industry, it remains to be seen if they truly won. |
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The fourth annual Betting on Football Conference (BOFCON) kicked off today at London's iconic Stamford Bridge, home to Chelsea Football Club. | |||
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GMA: Japan’s casinos to emphasize slots over tables | |||
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The first online casino opened in 1996 in Antigua, and boasted 18 casino games. | |||
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Gamification
Cloud gaming: A type of online gaming which involves streaming of the game from a cloud or server. |
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IWG receives debut nomination at prestigious EGR B2B Awards 2017 | |||
Blockchain pioneer nChain announces the appointment of Bitcoin Foundation Executive Director Jon Matonis as its new Vice President of Corporate Strategy. | |||
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Best of luck to the nominees of Malta’s iGaming Excellence Awards 2017! The awarding ceremony will be held at the Grand Hotel Excelsior on May 5. click here for more info |
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