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Fixed Odds Betting Terminals – Loss Calculator Launched

New Fixed Odds Betting Terminals loss calculator launched by the FOBT APPG shows the extent of losses on FOBTs with £57 lost every second and £3,424 lost every minute by gamblers.

The Fixed Odds Betting Terminals All Party Parliamentary Group has today launched a loss calculator on its website http://www.fobt-appg.com/

This calculator shows the money that gamblers are losing each day on FOBT machines and the total amount lost on FOBT machines since the end of the Government’s consultation on gaming machines which closed on 23 January 2018. Every day that the Government delay making a decision on FOBTs the losses mount up by £5m. This money is also often lost by those who can least afford it.

The total amount of money being lost by gamblers on FOBTs is:

£57.09 a second

£3,424 a minute

£205,500.000 an hour

£5m a day

£34.6m a week

£150m a month and

£1.8bn a year

This money which is being lost by gamblers and paid to betting companies could pay for the following each year:

77,646 nurses

58,250 police officers

63,988 secondary school teachers

£61,339 fireman

Carolyn Harris MP, the Chair of the FOBT APPG said:

“The FOBT loss calculator shows the amount of money being lost by gamblers every second of every day, often by those who can least afford it. Every day that the Government delays making a decision on the FOBT stake, the amount of money lost grows by £5m. This is unacceptable.”

“The Government must not delay any longer. The stake on FOBTs must be reduced immediately to £2 to prevent further harm to the most vulnerable in our society”

 

Ronnie Cowan, the Vice Chair of the FOBT APPG said:

“I very much welcome this calculator which shows the magnitude of the losses that are happening as a result of FOBTs. As the Secretary of State himself has said, FOBTs are a ‘social blight’ on all our communities and the Government must reduce the stake to £2 with immediate effect.”

Notes to Editors

  1. Carolyn Harris MP is the Member of Parliament for Swansea East. She is the Chair of the All Party Group on Fixed Odds Betting Terminals, a Group she founded in 2016.
  2. Ronnie Cowan is the MP for Inverclyde and Vice Chair of the APPG as well as being an active campaigner on FOBTs.
  3. The loss calculator is calculated using Gambling Commission figures from April 2014 to March 2017 and based on Licensed Betting Shop opening hours of 12 hours per day Monday to Saturday and 7 hours per day on a Sunday.
  4. The FOBT APPG has undertaken two inquiries into FOBTs and written to the Prime Minster imploring her to act on these machines.
  5. Further information on the FOBT APPG can be found at http://www.fobt-appg.com/
  6. For further inquiries please contact the secretariat of the Group Morgan@interelgroup.com 07973 884797

William Hill Fined £6.2m by Gambling Commission – Response from  Carolyn Harris MP, Chair of the Fixed Odds Betting Terminals All Party Parliamentary Group – Tuesday 20 February 2018

Betting firm William Hill has been hit with a £6.2m penalty package for breaching anti-money-laundering and social responsibility regulations. The penalty is the second biggest imposed by the Gambling Commission.

Carolyn Harris, MP for Swansea East and Chair of the Fixed Odds Betting Terminals All Party Parliamentary Group, comments:

“I was deeply concerned to hear to hear that the betting firm William Hill has been fined £6.2m for breaching anti-money-laundering and social responsibility regulations.

These are very serious breeches which the Gambling Commission indicate demonstrate systemic problems at the company.

William Hill, along with the wider gambling industry must take their responsibilities in terms of dealing with money laundering and problem gambling seriously.

The Government can also act decisively to minimise risks through reducing the stake on FOBTs to £2 with immediate effect.”

Notes to Editors

  1. Carolyn Harris MP is the Member of Parliament for Swansea East. She is the Chair of the All Party Group on Fixed Odds Betting Terminals, a Group she founded in 2016.
  1. The FOBT APPG has undertaken two inquiries into FOBTs and written to the Prime Minster imploring her to act on these machines.
  1. For further inquiries please contact the secretariat of the Group Katherine.Morgan@interelgroup.com 07973 884797

FOBT APPG – MP Pledge Day

On Tuesday 16th January the Fixed Odds Betting Terminal APPG held a drop in session with MPs, Peers and organisations supportive of the campaign for a maximum £2 stake on B2 FOBT machines.

Letter to the Prime Minister

Along with other senior figures and organisations, members of the APPG have written to the Prime Minister urging her to take action on FOBTs

The full letter is available here

Fixed Odds Betting Terminals – Press Release from Carolyn Harris MP

In response to stories in the media that the maximum stake on Fixed Odds Betting Terminals (FOBTs) is set to be cut to £2, Carolyn Harris MP has commented:

“I very much welcome reports in the press today that the Government looks set to finally see sense and reduce the stake on Fixed Odds Betting Terminals to £2.

This is something that I have personally championed, along with others in Parliament, for over two and a half years.

The Government has for far too long ignored the many harms being caused by these machines.

A reduction in the stake to £2 would not just be a victory for common sense. It would be a victory for the thousands of people whose lives are blighted daily by these toxic machines.

With over 25 of my colleagues in Parliament, faith groups, local government and community groups, I have written to the Prime Minister demanding action. We say that the Government must not waver in helping the vulnerable. It must not row back on its commitment to take action on FOBTs. It must not bend to the power of the bookmaker lobby. The health and wellbeing of our country is at issue. The Government must reduce the stake on FOBTs to £2 and do so immediately.”

Notes to Editors

1. Carolyn Harris MP is the Member of Parliament for Swansea East. She is the Chair of the All Party Group on Fixed Odds Betting Terminals, a Group she founded in 2016.
2. The FOBT APPG has undertaken two inquiries into FOBTs and written to the Prime Minster imploring her to act on these machines.
3. For further inquiries please contact the secretariat of the Group Katherine.Morgan@interelgroup.com 07973 884797

Carolyn Harris MP welcomes new report from the Cebr on Fixed Odds Betting Terminals

“I welcome the Centre for Economics and Business Research’s (Cebr) thorough, timely and important research into Fixed Odds Betting Terminals which sets out a clear rationale for reducing the stake on to £2.

I am concerned about the impact these harmful machines are having on people’s lives and this report shows the financial benefits to the whole of society from reducing the stake. In particular, it sets out that the benefits of stake reduction will be felt most by those lower down the income scale.

The report also shows that if the stake is reduced to £2 there will be significant reductions in problem gambling which is costing the government £210m annually and stake reduction will deliver an overall net benefit to the economy.

The research indicates that the government has also significantly over estimated the potential losses to bookmakers if stakes are reduced. These could be up to 47% lower.

The Government must act now take decisive action to deal with FOBTs and reduce the stake to £2.”

Carolyn Harris MP

Chair – Fixed Odds Betting Terminals APPG