Punilux
17 May 2018
Re: FOBT I invest in WMH because I used to work for Mecca (Who were taken over by WMH) .In retrospect, many of the people that I worked with then had a lot more integrity and intelligence than the people I ended up working with in the City. I bet at WMH because I see it as being an entertainment which has many advantages. I can spend an hour during lunch breaks and I can work on the basic principle that every £10 bet will return, on average, over time, £8. Most of all, I can concentrate on something different. Pretty good for two quid. I am genuinely upset that many more people than those apparent victims of FOBTs will be losing their jobs. Many of these people will be middle aged, or will have recently left school, and will not be finding employment soon. This is just as likely to destroy marriages and homes. All to make a point that the poor are too fickle to know what to do with their money. Remember your heroine, Tracey Crouch, when she said that the low paid can't afford Sky? The only alcohol I invest in is Marstons, but that is more to do with their food. I don't have any armaments or tobacco, so wouldn't know enough about them to buy shares . My main investments are pharma based or linked and Drax, even though I am not a skinhead.In case you haven't noticed, there are plenty of illegal things going on which the police aren't bothered about. I look forward to your comments on all motorists, because there are an awful lot of drunken drivers in North London.
Punilux
17 May 2018
Re: punilux Well spotted. And your point is?
tommytomata
17 May 2018
punilux You are indeed a first degree w*****
frog in a tree
17 May 2018
Re: FOBT I choose not to invest in betting companies, tobacco, alcohol, and armaments. What do you do Punilux?F
Punilux
17 May 2018
Re: FOBT I'm sure that you'll soon be campaigning against casinos, which have destroyed many a hereditary fortune as well as sucking in the naive and the simple with their immediate membership. Then there is alcohol, which has statistically destroyed far more families than FOBTS. And then we come to smoking.....which gives you tumours, even if you don't partake of tobacco products. As do cars...What do you expect from someone who can't understand why terminating people's courses of chemotherapy, on the grounds of refusing to investigate their British nationality, is likely to be a pre-meditated death sentence?
frog in a tree
17 May 2018
Re: FOBT I can't say that I am weeping any tears for the betting industry. £100 stakes on FOBTs has been a scandal going on too long. If it does indeed result in thousands of job losses so be it if thats what it takes to wipe out this gross exploitation which has impoverished many families.The closure of some betting shops will not damage the social fabric, quite the opposite!Cheers,F
Punilux
17 May 2018
Re: FOBT You may be right but people should be concerned about the line being trotted out stating that the Treasury will be recouping lost income in a "future budget". I can't see many shops being refitted or leases being renewed in the next couple of years whilst there is yet more uncertainty. Therefore, with a smaller estate to tax, there are going to have to be extreme measures just to stand still if you start at a £400M PA deficit. If there are 10,000 retail outlets remaining, doesn't that work out at £40,000 per shop? Looks like we might find out the identity of the people our board have been holding informal talks with rather quicker than originally anticipated. If Betfred go belly up, and we sell out, there will be no major British bookie left to tax directly. It was six, five years ago. With racing due to lose prize money equivalent to 50 meetings a week at Lingfield, Chelmsford, Wolverhampton, Southwell, Yarmouth etc. it can only be good news for those cheval eaters over the Channel.
schwee
17 May 2018
Re: FOBT £2 stake only to be introduced in 2020 according to my reading, and only then if the parliamentary timetable allows legislation to be introduced. No doubt PM will demand concessions from the fascists in her party on other more important issues that impact on all of us before putting forward the necessary Bill.Of course no mention anywhere of the most pernicious of the gambling products that impact the poor i.e. the National Lottery. Quelle surprise.
Punilux
14 May 2018
Re: FOBT DYOR! Interesting point in Racing Post that WMH could suddenly become a US bid target due to its previous track record in America suddenly becoming very valuable in establishing a new multi-billion Dollar industry.
Punilux
14 May 2018
Re: FOBT On to Congress. Best guess at moment is that 32 states may allow sports betting in five years time so BBC report is carp.
Punilux
11 May 2018
Re: FOBT Despite speculation PASPA is not a done deal, and it is even possible that a state could only license itself thus creating a monopoly. Aren't the results likely to be in June? I have no time for McVey but I would like to think that as Universal Credit is being rolled out this month and next, despite previous problems, she certainly could do without another obstruction to employment. Like it or not, British bookmakers probably provide jobs for 500,000 people if you also include everything that they fund. Much as I would like to see WMH move its centre of attention to the US, speaking as a shareholder, I wouldn't like to see half the racehorses in the UK culled and have nowhere to bet at lunchtime.
Regency Green
11 May 2018
Re: FOBT Look no further than her relationship with fellow Tory MP Philip Davies a big defender of FOBT's. If something positive happens on PASPA on Monday (or the following Monday etc) it could help mitigate a reduction to £2 - if that's what it's going to be despite Ms McVey.
Punilux
10 May 2018
Re: FOBT More likely to be professionally interested in 10,000+ people being unemployed as a result of fewer betting shops and a substantial cut to the funding of racing.
gamesinvestor
10 May 2018
Re: FOBT I Guess Esther, a controversial figure in her own right must have some connections somewhere in the gambling industry.Games
gamesinvestor
10 May 2018
FOBT Looks like a stay of execution on the objections of one guy alone :-""A cut to the maximum stake on addictive betting machines to £2 has been delayed after a senior minister led a cabinet revolt against the plans. The Department for Culture, Media and Sport planned to announce the reduction today after winning over sceptics in the Treasury but a source close to the cabinet says Esther McVey, the work and pensions secretary, has strongly objected to the plan. - The Times""It's coming, just delayed.Games
