UK Government to Review ‘Crack Cocaine’ of Gambling, Fixed Odds Machines

Submitted by Guest on

Written by :

Guest

Published on :

UK Government to Review ‘Crack Cocaine’ of Gambling, Fixed Odds Machines

The UK government is set to review fixed odds gambling machines amid concerns they are harming some 600,000 vulnerable people, the BBC is reporting this week.

For the past few years these machines have been routinely referred to as “the crack cocaine” of online gambling due to their addictive qualities.

From the BBC:

The Association of British Bookmakers has previously stated that any review should be "evidence-based and not unfairly penalise the majority who gamble responsibly and enjoy their leisure pursuit". It has said that FOBTs have been in use for around 15 years "and yet problem gambling levels have remained stable".

Government figures suggest the gambling industry employs around 100,000 people in the UK and contributed more than £10bn to the economy last year.

But, amid concern over associated social problems, the Department for Culture, Media and Sport-led review will assess its impact on individuals and communities.

Culture, media and sport minister Tracey Crouch said: "It is important that gambling regulations strike the right balance between allowing the industry to contribute to the economy and enable people to bet responsibly whilst ensuring consumers and communities are protected.”

Labour's culture spokesman Tom Watson said: "The government has finally woken up to the fact that it has not done enough to curtail the proliferation of FOBTs, which are now a blight on many of our high streets.

"They can cause real and lasting damage to gamblers and they have become a huge problem for communities that are often struggling to cope with under-investment and high unemployment."

- Aaron Goldstein, Gambling911.com

Related Content

Seattle Mariners Next Manager Torey Lovullo Odds

Seattle Mariners Next Manager Torey Lovullo Odds

Lovullo promises a payout of $300 for every $100 bet.
BetMGM Introduces Record-Setting Game of Thrones™ Slot to Players in New Jersey, West Virginia, Michigan and PA

BetMGM Introduces Record-Setting Game of Thrones™ Slot to Players in New Jersey, West Virginia, Michigan and PA

Everybody loves "Game of Thrones". Now those casino gamblers in four US states will finally have the opportunity to play the Game of Thrones™ online slot for real money from the comfort of their own home, office, the train or where ever they like.
Gift Cards vs Traditional Online Bonuses: Which Offers Better Value?

Gift Cards vs Traditional Online Bonuses: Which Offers Better Value?

Rewards you see on websites, merchants, and gambling platforms usually look different, depending on which platform you use. For example, traditional online casinos offer welcome bonuses, deposit matches, free spins, cashback, and other promotions.
Florida AG Comes After Reddit, TikTok Demanding Social Media Companies Remove Sweepstakes Casino Ads

Florida AG Comes After Reddit, TikTok Demanding Social Media Companies Remove Sweepstakes Casino Ads

Florida’s Attorney General has demanded Reddit, Snap and TikTok stop carrying ads for sweepstakes gambling platforms in the state, a move that follows August lawsuits against Stake and VGW brands like Chumba Casino, LuckyLand and Global Poker.