Clicky

UK Fixed Odds Betting Lockdown Takes Effect - PennsylvaniaPoker.com News : PennsylvaniaPoker.com News
fobts
Published on
Update on

The United Kingdom is one of the places that has had to grapple with extreme cases of problem gambling and for this reason, the country’s government and its gaming regulators have opted to take control of the issue through a series of amendments. Today makes the date for one of the major changes to the country’s gaming industry and it is related to the fixed odds betting terminals.

Going forward, the betting machines will no longer be allowed to offer odds up to £100 ($130) and instead, the new maximum odds have been set at £2 ($2.60). This decision came two years after the legislative debate in the odds begun and it was found that they were too high, something that, in one or the other, contributed to problem gambling.

How Serious Is It?

Well, it goes without saying that the move will lead to the closure of a number of gambling shops. Naturally, the gaming operators are not amused by the enforcement but the United Kingdom Gambling Commission (UKGC) has already warned that it is not flinching when it comes to its new regulations. The commission will be more stringent with its policing activities – in fact, it has already issued a warning to at least one gaming machine manufacturer whose new terminal machines have been to be non-compliant with the FOBTs changes.

“We have been closely monitoring operators’ plans to manage the implementation of the stake cut and we will continue to watch very carefully to ensure that any changes and developments to these products are done with a focus on customer safety. It’s imperative that operators invest in and use data, technology, and measures to identify harmful play and can step in to protect players when needed,” reads a statement from the UKGC.

What Now?

Earlier this year when the new FOBTs changes were announced, it was found that no less than 4,500 gambling venues would be forced to close down and this would in turn cause at least 20,000 to lose their jobs. Still, the move has been met by mixed reactions from gaming operators and various industry stakeholders including responsible gambling campaigners.

Most of the large gaming operators have already acknowledged how serious the situation is and are now focusing on other verticals – they are mostly banking their hopes on online gambling. A good number plan to make larger investments in this regard while a few others are venturing into other markets. A great example is Bet365 which is preparing to go live in New Jersey and will probably try to venture into the Pennsylvanian interactive gaming market once it goes live. Smaller gaming companies, on the other hand, might not be so lucky.

Latest Headlines

PokerStars’ PACOOP Kicks Off on September 19 with $1.5M GTD

Pennsylvania has only one online card room, but this hasn’t hurt players’ ability to access some fantastic promotions. The upcoming Pennsylvania Championship Online Poker due to kick off on September 19, 2020, this statement rings ever truer. PACOOP, as the series are known for short, will feature 50 events and a solid $1.5 million in […]

Live Poker Returns at SAHARA Las Vegas Every Weekend

Live poker is back in some capacity and if not in Pennsylvania, then at least in Las Vegas with the SAHARA Las Vegas Poker Room hosting No-Limit Hold’em Tournaments that will now run every Saturday and Sunday at 1 p.m. While the Keystone State has to wait a while longer before live tournaments are reinstated, […]

PokerStars Drop the News: PACOOP Is Coming Back on September 19

PokerStars, the only provider of online poker games in Pennsylvania, has announced a second Championship of Online Poker in the Keystone State. The guaranteed prize pool is expected to reach $2 million and further details are to be released soon, ahead of the September 19 start date. Pennsylvania Will Get a Second PACOOP Starting on […]

Pennsylvania’s Card Rooms Still Shut Down amid Pandemic

Pennsylvania’s card rooms remain shuttered since mid-March while casinos have restarted business Doug Harbach from the PGCB has said that any casino looking to reopen their card room would have to come up with an action plan Card rooms generated mere $37 million over the fiscal 2019/2020 compared to $583 million for table games It […]

Pennsylvania’s Poker Takes a Tumble, Other Verticals Grow

Pennsylvania’s gaming regulator has cleared its brick-and-mortar casino industry for restart in June, but it took a while for patrons to return. One thing that kept going, though, has been online gaming, and specifically the Keystone State’s decision to allow casino properties to expand into iGaming. Online wagering on casino-style games was up in July, […]

Similar PA Casinos Post

Legal Sports Betting Finally Takes Off in Indiana

Indiana has officially become the 12th US state to legalize sports betting after three of the state’s casinos were inaugurated on September 1 just in time for the forthcoming NFL season. Of the three casinos that debuted their sports betting offerings, one of them was privileged to have been inaugurated by Governor Eric Holcomb who […]

Pa. Gets Serious About Restricting Online Play at Casinos

Online sports betting and online casinos have been a reality in the Keystone State for over a month now and it is every bit as exciting as many of the state’s residents expected it to be. The state’s online gambling sector was among the most anticipated ones in the United States and now that it […]

Pa. Gambling Watchdog Reiterates on Complaint Procedures

As online gambling continues to spread in the Keystone State, the Pennsylvania Gaming Control Board (PGCB) has recently seen it fit to remind the state’s residents that they have a place to turn to if they think they were treated unfairly by any of the online gambling operators. On Monday, August 5, the gaming control […]

Proposed Amish Country Casino Divides Pa. Community

Pennsylvania statewide gambling expansion plans have been in the process of getting enforced in different capacities across the state. However, not many people have grasped the monumental implications of these laws and how they would affect the communities. However, the plans are slowly beginning to catch the attention of a number of stakeholders with the […]