It has become quite a popular discussion point over the past few years, as bookmakers implement Casino style machines in there premises. It is a common element of gambling in the UK, and one that has seen a huge increase in consumer spending. The ease of use aspects of this type of game playing ensures a jolly good old return on investment for Bookmakers. This additional income stream has led to reports in 2015 of a whopping £1.7 Billion pounds being spent on these Casino style terminals. ( This figure relates to total lost by gamblers)
It is therefore no surprise that there has been an outcry by organisations such as The BBC, who have been reporting on this issue. ( Please see the December 2016 BBC News article here)
Here is an insight into exactly what these machines consist of:
To date it is reported that there are over 35,000 of these machines installed across the UK.
The games on offer match that of a Casino, for example Poker & Roulette.
The reported maximum pay out option stands at £500.00
The income stream has been reported at over 49% of the Bookmakers profit.
The highest available stake that can be made is reported at £100
The total location that have these casino terminals installed stands at over 8000, with more than one in some locations.
The Official name for these machines is “FOBT’ – Which stands for Fixed Odds Betting Terminals.
The Association of British Bookmakers website offer a comprehensive Industry based opinion on these types of machines. In addition there is also a UK Government Parliamentary Group that details some interesting news and developments.
It is worth adding that over 1 Billion pounds is raised in UK Taxes with British Bookmakers and therefore a more comprehensive enquiry is welcomed by everyone that works within the industry. Whilst there is talk of capping the maximum spend and making them more “Inaccessible” It is worth also looking to reputable organisations such as the ones listed below. These types of organisations would be able to offer a “Real Time” report on the effects and consequences for end users, as well as a plan of action in resolving the most damaging aspects of this type of gaming.
Examples of recommended organisations:
With the Internet and mobile devices available to consumers, it is most likely just as easy to spend money through this route as it is these gambling terminals, or should I say Super Fruit Machines. I honesty don’t believe this issue has been a major concern in Las Vegas, and nor should it be.