William Hill had previously warned it may have to axe up to 900 shops as a result of the FOTB
Currently, people can bet up to [pounds sterling]100 every 20 seconds using FOTBs
GVC has said it would be prepared to offer up to PS3.9billion if the review of FOTBs
sees the maximum stake cut from PS100 to PS50.
The reason bookmaking outletsare now open until 9.30pm every night (often an hour or more after the last horserace) and 6.30pm throughout winter is, in my opinion, largely so that players can feed the high-profit FOTBs
The BHA argument is that punters who play the FOTBs
are initially drawn in by horseracing.
William Hill said the growth of random numberbased betting through mediums such as fixed odds betting terminals (FOTBs
) and online gambling meant the outcome of sporting results was having a smaller impact on its revenues.
If the civil servants at the Department of Culture Media and Sport could find time away from their crusade against fixed odds betting terminals (FOTBs
), they may spend it more productively by coming up with a definition of a bookmaker based on frequency of trade and annual turnover.
IT was predictable that Chris Bell of Ladbrokes should attempt to attribute the drop in horseracing profits to exchange betting rather than fixed odds betting terminals (FOTBs
) and virtual racing (August 29).
And Paddy Power's weekly FOTB
profits went up 4% in the first six months of 2015 to PS1,373, year on year.