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31 Dec 12
12:55
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Date Joined:
05 Jan 10
31st December, 2012
http://www.azonlinecasinos.com
High profile politician accuses operators of "preying on the vulnerable.
Controversial UK politician and MP, George Galloway of the Respect Party, has accused Fixed Odds Betting Terminal (FOBT) operators of deliberately preying on the vulnerable after a study showed that almost £ 393 million was gambled on the gaming machines in the Bradford area alone in the space of just one year.
A report released to the Bradford Telegraph and Argus by the Fairer Gambling organisation reveals there are 371 so-called FOBTs situated in 102 betting shops in Bradford and surrounding constituencies.
The highest figures, in the Bradford West constituency, prompted Galloway to opine that bookmakers were shrewd operators who deliberately preyed on the vulnerable.
They know their territories and Bradford West is targeted because it is one of the most deprived constituencies in the area where people in poverty are so vulnerable that as austerity worsens they are spending more money in desperation on these machines seeking to get as much relief as they can, Galloway claimed.
Bradford East MP David Ward of the Liberal Democrats said figures from his constituency were staggering and he was concerned that it seemed to be the people who can least afford to lose money who are gambling it.
These people are extra vulnerable, in dire circumstances and desperate for extra cash. I think there are times when there should be some restraint by bookmakers, like pub landlords when they refuse to serve someone who has already drunk too much. But I can't see that happening because for bookmakers these people are easy-money, he said.
Bradford South Labour MP Gerry Sutcliffe said he was concerned by the figures but was waiting to see what hard evidence would surface from an 18-month study being commissioned by the Responsibility In Gaming Trust (see previous reports), of which he is an independent member.
I'm obviously concerned about these machines but I want to see the exact impact they are having in scientific detail, he told the newspaper.
Shipley MP Philip Davies (AD: Who has received benefits worth more than £10000 from bookmakers ) differed, saying: It's up to people to do with their money as they see fit and the rate of return from these machines is higher than any other form of gambling. No one wants to see people getting addicted but people can sit in front of their computer 24 hours seven days a week and gamble. I'd say it's better for them to be in a betting shop in a controlled environment where staff are trained to keep an eye for tell-tale signs.
His view was echoed by Keighley Conservative MP Kris Hopkins, who told the Bradford Telegraph that it was up to individuals how they spend their own money, although he added the caveat: They should take responsibility for making sure basics are put on their families' tables first before feeding gaming machines.
Fairer Gaming, which calculated the Bradford exposure from published industry statistics, said that the profit made by operators on the almost £393 million wagered was just over £ 12 million.
"According to a report commissioned for the Association of British Bookmakers (ABB), that type of fixed odds machine gives a much higher return of stakes than other forms of betting meaning between 97 and 98 per cent of money gambled is given back," the newspaper reported.
"Under existing regulations, bookies are limited to four such machines per shop, which has led to 'clustering' of shops in some high streets. The machines can accept stakes of up to £100 and offer prizes of £500, offering casino games such as roulette.
Adrian Parkinson, speaking for Fairer Gambling, said: Our organisation campaigns for tighter restrictions on FOBTs...and we are involved in parliamentary lobbying on this issue and that of betting shop proliferation.
Parkinson is the former regional machines manager responsible for the introduction of FOBTs onto the high street from 1999 onwards. He was involved in the testing of roulette game content and worked closely with the two major suppliers. He said: I have used my industry background and knowledge to produce the figures they are derived from the Gambling Commission Industry Data.
http://www.azonlinecasinos.com
High profile politician accuses operators of "preying on the vulnerable.
Controversial UK politician and MP, George Galloway of the Respect Party, has accused Fixed Odds Betting Terminal (FOBT) operators of deliberately preying on the vulnerable after a study showed that almost £ 393 million was gambled on the gaming machines in the Bradford area alone in the space of just one year.
A report released to the Bradford Telegraph and Argus by the Fairer Gambling organisation reveals there are 371 so-called FOBTs situated in 102 betting shops in Bradford and surrounding constituencies.
The highest figures, in the Bradford West constituency, prompted Galloway to opine that bookmakers were shrewd operators who deliberately preyed on the vulnerable.
They know their territories and Bradford West is targeted because it is one of the most deprived constituencies in the area where people in poverty are so vulnerable that as austerity worsens they are spending more money in desperation on these machines seeking to get as much relief as they can, Galloway claimed.
Bradford East MP David Ward of the Liberal Democrats said figures from his constituency were staggering and he was concerned that it seemed to be the people who can least afford to lose money who are gambling it.
These people are extra vulnerable, in dire circumstances and desperate for extra cash. I think there are times when there should be some restraint by bookmakers, like pub landlords when they refuse to serve someone who has already drunk too much. But I can't see that happening because for bookmakers these people are easy-money, he said.
Bradford South Labour MP Gerry Sutcliffe said he was concerned by the figures but was waiting to see what hard evidence would surface from an 18-month study being commissioned by the Responsibility In Gaming Trust (see previous reports), of which he is an independent member.
I'm obviously concerned about these machines but I want to see the exact impact they are having in scientific detail, he told the newspaper.
Shipley MP Philip Davies (AD: Who has received benefits worth more than £10000 from bookmakers ) differed, saying: It's up to people to do with their money as they see fit and the rate of return from these machines is higher than any other form of gambling. No one wants to see people getting addicted but people can sit in front of their computer 24 hours seven days a week and gamble. I'd say it's better for them to be in a betting shop in a controlled environment where staff are trained to keep an eye for tell-tale signs.
His view was echoed by Keighley Conservative MP Kris Hopkins, who told the Bradford Telegraph that it was up to individuals how they spend their own money, although he added the caveat: They should take responsibility for making sure basics are put on their families' tables first before feeding gaming machines.
Fairer Gaming, which calculated the Bradford exposure from published industry statistics, said that the profit made by operators on the almost £393 million wagered was just over £ 12 million.
"According to a report commissioned for the Association of British Bookmakers (ABB), that type of fixed odds machine gives a much higher return of stakes than other forms of betting meaning between 97 and 98 per cent of money gambled is given back," the newspaper reported.
"Under existing regulations, bookies are limited to four such machines per shop, which has led to 'clustering' of shops in some high streets. The machines can accept stakes of up to £100 and offer prizes of £500, offering casino games such as roulette.
Adrian Parkinson, speaking for Fairer Gambling, said: Our organisation campaigns for tighter restrictions on FOBTs...and we are involved in parliamentary lobbying on this issue and that of betting shop proliferation.
Parkinson is the former regional machines manager responsible for the introduction of FOBTs onto the high street from 1999 onwards. He was involved in the testing of roulette game content and worked closely with the two major suppliers. He said: I have used my industry background and knowledge to produce the figures they are derived from the Gambling Commission Industry Data.
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Should ban the things IMO
Then bookmakers can either decide to revert back to being bookmakers or shut down.
Then bookmakers can either decide to revert back to being bookmakers or shut down.
easy target - what about the thousands who play these all day,
i do think all these adverts for gaming sites should be targetted on betting type programmes,racing/football - but there is to many of them - it dosent work in your face promotions as 50% of the population never bet.
i do think all these adverts for gaming sites should be targetted on betting type programmes,racing/football - but there is to many of them - it dosent work in your face promotions as 50% of the population never bet.
"According to a report commissioned for the Association of British Bookmakers (ABB), that type of fixed odds machine gives a much higher return of stakes than other forms of betting meaning between 97 and 98 per cent of money gambled is given back," the newspaper reported.
Shipley MP Philip Davies (AD: Who has received benefits worth more than £10000 from bookmakers ) differed, saying: It's up to people to do with their money as they see fit and the rate of return from these machines is higher than any other form of gambling. No one wants to see people getting addicted but people can sit in front of their computer 24 hours seven days a week and gamble. I'd say it's better for them to be in a betting shop in a controlled environment where staff are trained to keep an eye for tell-tale signs.
What a disgraceful human being.
What a disgraceful human being.
They know their territories and Bradford West is targeted because it is one of the most deprived constituencies in the area where people in poverty are so vulnerable that as austerity worsens they are spending more money in desperation on these machines seeking to get as much relief as they can, Galloway claimed.
then mr galloway should be asking customs and excise,inland revenue and the serious crime squad to go into these shops and find out exactly where this money is coming from as it certainly is not all benefit money
then mr galloway should be asking customs and excise,inland revenue and the serious crime squad to go into these shops and find out exactly where this money is coming from as it certainly is not all benefit money
scaredmoney 31 Dec 12 14:25
"According to a report commissioned for the Association of British Bookmakers (ABB), that type of fixed odds machine gives a much higher return of stakes than other forms of betting meaning between 97 and 98 per cent of money gambled is given back," the newspaper reported.
That statement is correct by the way.
"According to a report commissioned for the Association of British Bookmakers (ABB), that type of fixed odds machine gives a much higher return of stakes than other forms of betting meaning between 97 and 98 per cent of money gambled is given back," the newspaper reported.
That statement is correct by the way.
This is a far more difficult situation than people just saying "These should be banned" the idea of saying what people can and cant do with there money is against almost everything this country should stand for, but vunrable people ofcourse need to protected. Its a very similar issue to a few months ago when the government attempted to put a minimum price on booze, effectivly saying people with little money are too stupid to decide how much they should be drinking but people with large amounts of cash can drink what they want. Living in England people have to be able to have choice of how to spend there time and cash without people who "know best" telling the rest what they can and cant do. Its just impossible to see how this situation can ever change these machines are here to stay and we may have to accept some people will suffer as a result.
Living in a country that has suffered more than the average country from the effects of post European industrial revolution
meltdown thanks to getting bankrupted twice waging wars on fascists while the rest of the world including the super powers
idle in splendor, this country is at such a point now that the failure of successive governments to drive a real economy
beyond the more fickle quick fix house owning and credit booms and blow outs in the economy we are faced with tax bills that
lean heavily towards taxing the poor in terms of tobacco, alcohol and gambling and the real problems that are created by additions are not taken on in favor of raking the masses with as many stealth taxes as possible.
Quite possibly this government and others are the real gamblers who now rely on Spin, poor bashing and taxing to keep them in power and side stepping the real problems that will cost Britain more than a few billion in national debt as the future
of the Jobs market, indeed the collapse of it and the whole welfare system is at stake and could see life in the future
take a terrible decline for the average UK citizen that doesn't but the dream any more of false economies created by
members of parliament that are not in touch with the reality of the state of the nation beyond the task of clinging desperately in power.
The next few years will see the unhinging of many things and the falling apart of what was considered not important
that will emerge towards as the most as the UK will address a reality check that will rock society and the whole
government system empathetically!
Happy New Year!
meltdown thanks to getting bankrupted twice waging wars on fascists while the rest of the world including the super powers
idle in splendor, this country is at such a point now that the failure of successive governments to drive a real economy
beyond the more fickle quick fix house owning and credit booms and blow outs in the economy we are faced with tax bills that
lean heavily towards taxing the poor in terms of tobacco, alcohol and gambling and the real problems that are created by additions are not taken on in favor of raking the masses with as many stealth taxes as possible.
Quite possibly this government and others are the real gamblers who now rely on Spin, poor bashing and taxing to keep them in power and side stepping the real problems that will cost Britain more than a few billion in national debt as the future
of the Jobs market, indeed the collapse of it and the whole welfare system is at stake and could see life in the future
take a terrible decline for the average UK citizen that doesn't but the dream any more of false economies created by
members of parliament that are not in touch with the reality of the state of the nation beyond the task of clinging desperately in power.
The next few years will see the unhinging of many things and the falling apart of what was considered not important
that will emerge towards as the most as the UK will address a reality check that will rock society and the whole
government system empathetically!
Happy New Year!
maineroad • December 31, 2012 4:07 PM GMT
scaredmoney 31 Dec 12 14:25
"According to a report commissioned for the Association of British Bookmakers (ABB), that type of fixed odds machine gives a much higher return of stakes than other forms of betting meaning between 97 and 98 per cent of money gambled is given back," the newspaper reported.
That statement is correct by the way.
Im not the brightest maineroad so you may have to explain this slowly to me
In the example above £393 million was gambled in the fobt's but £12 million was paid out in winings.......are you saying that around £360 million (ish) was break even money,or am i missing something?
scaredmoney 31 Dec 12 14:25
"According to a report commissioned for the Association of British Bookmakers (ABB), that type of fixed odds machine gives a much higher return of stakes than other forms of betting meaning between 97 and 98 per cent of money gambled is given back," the newspaper reported.
That statement is correct by the way.
Im not the brightest maineroad so you may have to explain this slowly to me
In the example above £393 million was gambled in the fobt's but £12 million was paid out in winings.......are you saying that around £360 million (ish) was break even money,or am i missing something?
We arent all idiots scaredmoney and 98% to the power of 10-20 is the whole kabundle as what is revolved in the turnover becomes smaller and smaller as FOBT players sit for long periods till its all gone, 100%!
Evaporaton may only effect the great lakes by a factor of 0.0001 a day say as an example but without the rain
give it a few years and it would be another salt lake city!
Evaporaton may only effect the great lakes by a factor of 0.0001 a day say as an example but without the rain
give it a few years and it would be another salt lake city!
It's the speed that the money turns over that is a big problem so the high return % may be correct but if you feed the machine constantly it doesn't take long to whittle your money away. eg £100 bet (usually very quickly) returns £97 then you put the £97 in & get 97% of that returned and on and on....................
100 pounds in machine,
in theory 97 back on average.
97 pounds goes back in, and 94 xomes back out.
94 goes in , 91 comes back out,, etc etc etc, rinse wash repeat.
in theory 97 back on average.
97 pounds goes back in, and 94 xomes back out.
94 goes in , 91 comes back out,, etc etc etc, rinse wash repeat.
the fact that you can spin a ton quickly at risk when the fools sat there cant replace the sum if the risk goes wrong
adds to the problem and restictions in bet size should match what the turf critters do to its uneconomical punters
via bet size retrictions, duplicite behavoir to attack the vulerable.
adds to the problem and restictions in bet size should match what the turf critters do to its uneconomical punters
via bet size retrictions, duplicite behavoir to attack the vulerable.
was the 393 million turnover or actual cash put in the machines.
12 mill gross profit iz 3 percent of 400 mill turn-over
they took nearly a billion, not bad for a leisure industy that was on the ropes like the pubs several years back!
manxy 31 Dec 12 16:29 Joined: 09 Oct 10 | Topic/replies: 5,862 | Blogger: manxy's blog
says turn-over, so take a wild ****** guess.
where does it say turnover
says turn-over, so take a wild ****** guess.
where does it say turnover
there.
after a study showed that almost £ 393 million was gambled on the gaming machines in the Bradford area alone in the space of just one year
after a study showed that almost £ 393 million was gambled on the gaming machines in the Bradford area alone in the space of just one year
Cheers manxy,i did say i wasnt the brightest 
.....thank you for taking the time and trouble to explain it for me
Doing it without an insult would have been better but thanks anyway
.....thank you for taking the time and trouble to explain it for meDoing it without an insult would have been better but thanks anyway
wouldnt of had the same impact, but i will take into consideration your comments on the delivery of my help.
The problem that the said high street chain operators have had is the competion from other
leisure markets and services, namely the Internet and there own failure to compete fairly
has led them down the route of FOBT machines to pay the many EX,S that the publican owners
and other sufferers could pay, but what strikes me as unfair is that when the Pubs got hit with
the Smoking Ban and turned to poker tounements, the Casinos stepped in and with friends
in hi places had it all banned except for minor pots, also pubs cant have FOBT machines
in them so clearly Casinos and High street bookmakers are slowly getting favors payed for
against the competition in the Leisure Indusrty generally and allowed to place Casino
type heavy gambling right on the doorstets of some very vulnerable areas of the Uk
something that even the Americans wont allow as casions are pemmitted only
in designated areas.
The British Public has been sold down the river on a gambling steam ship thats seems to have the treasury firmly
at the helm.
Unerlines the fact that the Uk goverments think in pounds and pence and not in the quality
and sustanabilty of national standards and its expections economically.
leisure markets and services, namely the Internet and there own failure to compete fairly
has led them down the route of FOBT machines to pay the many EX,S that the publican owners
and other sufferers could pay, but what strikes me as unfair is that when the Pubs got hit with
the Smoking Ban and turned to poker tounements, the Casinos stepped in and with friends
in hi places had it all banned except for minor pots, also pubs cant have FOBT machines
in them so clearly Casinos and High street bookmakers are slowly getting favors payed for
against the competition in the Leisure Indusrty generally and allowed to place Casino
type heavy gambling right on the doorstets of some very vulnerable areas of the Uk
something that even the Americans wont allow as casions are pemmitted only
in designated areas.
The British Public has been sold down the river on a gambling steam ship thats seems to have the treasury firmly
at the helm.
Unerlines the fact that the Uk goverments think in pounds and pence and not in the quality
and sustanabilty of national standards and its expections economically.
jeeeeesus......this is a 1st
I agree with everything you have written bf_f
i feel faint
I agree with everything you have written bf_f
i feel faint
The poorest people in the Uk are never seen as vulnerable by the far right except
when used as sitting ducks to put a smile on the old tory diehards when used
as scapegoats for the state of the econmy, shambolic and depressing and we need a new
leadership sooner rather than later IMO.
when used as sitting ducks to put a smile on the old tory diehards when used
as scapegoats for the state of the econmy, shambolic and depressing and we need a new
leadership sooner rather than later IMO.
When new labour emeraged both partys moved to the centre but after the credit crunch
and winning power by default they havent wasted much time in swinging far right
as if they have been attached to it by elastic this last decade.
and winning power by default they havent wasted much time in swinging far right
as if they have been attached to it by elastic this last decade.
And all this tosh about national debt is total sub-diffuse as all countrys have debt as do we all as
debt is a component of all modern economys, you only have to look at Europe and the truble with lending
at diffrent rates for different countries to see the effects of debt manangement.
If debt is the main article to proserity then how does the govemnent explain getting the bank
of england to pump billions of free money to the banks as a solution when clealry this is indeed
another mechanism of debt, inhouse?
debt is a component of all modern economys, you only have to look at Europe and the truble with lending
at diffrent rates for different countries to see the effects of debt manangement.
If debt is the main article to proserity then how does the govemnent explain getting the bank
of england to pump billions of free money to the banks as a solution when clealry this is indeed
another mechanism of debt, inhouse?
Your meds are wearing off Bf, have a lie down.
Are you supposing that the economy, the nation and the goverment are in the pink and I am
incorrect GTG as running away from problems or blaming lesser classes is indeed more
a systeom of a trobled mind that cant think up the correct solution.
incorrect GTG as running away from problems or blaming lesser classes is indeed more
a systeom of a trobled mind that cant think up the correct solution.
Mind you GTG I do respect you but your standards that see the ceators of spelling mistakes or unlucky
tipsters as doctors cases as a little bit harsh and unfair but each to his own and your opinion is just as important
as others as long as its not insulting and personal.
tipsters as doctors cases as a little bit harsh and unfair but each to his own and your opinion is just as important
as others as long as its not insulting and personal.
bf_fananatic,
where is my thread posted about you yesterday gone ?
where is my thread posted about you yesterday gone ?
HD, you really don't know anything about this idiot/basket case, where have you been hiding. He reports threads/posts that tell the truth about him, he's been trying to dupe people on here for ages with lies and aftertiming.
Well actually I have always programmed computers for many years but for the last couple of years I have
been tinkering with Excel as I got hooked on it from the onset, but I find myself in a postion were
I have to embark on programmming as you simply can look at mass data using excel when all your cells
and memory resources are taken up with repeated formulas hogging up the datascape.
I really need to get the full years races in a pc and find out what really counts in terms of
edges and profit as when you are limited by sample sizes its realy like lookig through a keyhole
as you know something valuable is in there but see different things at diiferent moments
realtive to the flux of natural variation, I have a the equalivalnt of a childs telelscope
currently in all fariness but hope to have a hubble type device next year
been tinkering with Excel as I got hooked on it from the onset, but I find myself in a postion were
I have to embark on programmming as you simply can look at mass data using excel when all your cells
and memory resources are taken up with repeated formulas hogging up the datascape.
I really need to get the full years races in a pc and find out what really counts in terms of
edges and profit as when you are limited by sample sizes its realy like lookig through a keyhole
as you know something valuable is in there but see different things at diiferent moments
realtive to the flux of natural variation, I have a the equalivalnt of a childs telelscope
currently in all fariness but hope to have a hubble type device next year
I can program in all languages, c#, c++, vb and have done a bit of machine coding in the past
my brother is a commerial programmer !
my brother is a commerial programmer !
Manky makes an appearance, another no life loser, 24/7 on here.
You still popping valium to get stoned as you've stated on here.
You still popping valium to get stoned as you've stated on here.
GandalfTheGrey
31 Dec 12 17:25
Joined:
19 Jun 12
| Topic/replies: 2,135 | Blogger: GandalfTheGrey's blog
HD, you really don't know anything about this idiot/basket case, where have you been hiding. He reports threads/posts that tell the truth about him, he's been trying to dupe people on here for ages with lies and aftertiming.
says the man who spent 2 whole nights going back thru my posting history for the last 2 years, and quoting forward 'any' posts i made with swearing in them, then reporting his 'own' posts because of the quotes in them, in a concerted effort to get me banned.
you couldnt make this ****s hypocrisy up.
31 Dec 12 17:25
Joined:
19 Jun 12
| Topic/replies: 2,135 | Blogger: GandalfTheGrey's blog
HD, you really don't know anything about this idiot/basket case, where have you been hiding. He reports threads/posts that tell the truth about him, he's been trying to dupe people on here for ages with lies and aftertiming.
says the man who spent 2 whole nights going back thru my posting history for the last 2 years, and quoting forward 'any' posts i made with swearing in them, then reporting his 'own' posts because of the quotes in them, in a concerted effort to get me banned.
you couldnt make this ****s hypocrisy up.
Gentlemen, its the season of good will... lets finish 2012 with and being chilled !
and being chilled !
i hate to say this bf but i actually agree with you on this one
You really are delusional, you're a lowlife, loser and a waste of space, voted as one of the most vile posters on here, nothing but racist, homophobic, and horrible remarks on threads about dead people, all to get attention because people wouldn't interact with you otherwise.
i myself have been a victim of these fobts and its a very slippery surface to say the least,wont be going down that road again ,quickest way to the poor house by a long shot.they are described as the crack cocaine of gambling and i couldnt agree more,dont know if anything can be done to stop them i think its just a case of treating the wounded,but i would like to see them banned from so called high st bookmakers,more like high st mini casinos
If these FOBT are random how can they be paying out 97%-98%..
I read a few years ago each machine makes on average £4000 pw profit.
If people believe bookmakers aren't targeting deprived areas then just look at all the shops opening up,how many are opening up in middle-class areas?
I read a few years ago each machine makes on average £4000 pw profit.
If people believe bookmakers aren't targeting deprived areas then just look at all the shops opening up,how many are opening up in middle-class areas?
rab67,
good evening. Each machine makes between 900/1000 per week profit, i.e. average shop four machines = 4k .
good evening. Each machine makes between 900/1000 per week profit, i.e. average shop four machines = 4k .
RAB the powers to be in planning departments are about to shut that avenue on them.
Halcyon,Do you have any link on this figure or do you know?
Anaglogs, The shops are already there it's a bit late now.
If you come out of the main entrance at Glasgow Central Train Station there is a Whill Betbald and Laddies all lined up one after another.I can walk out my front door and there is 10 shops within 10 minutes walk.
How many of these shops would close if the FOBT where banned?
Anaglogs, The shops are already there it's a bit late now.
If you come out of the main entrance at Glasgow Central Train Station there is a Whill Betbald and Laddies all lined up one after another.I can walk out my front door and there is 10 shops within 10 minutes walk.
How many of these shops would close if the FOBT where banned?
rab67,
until recently worked for one of the Big3, stated in there yearly/ six monthly profits mate .
until recently worked for one of the Big3, stated in there yearly/ six monthly profits mate .
Korals until recently) averaged 922/week, L addies & Billys very similar !
Cheers..It's still some amount to be raking in without any chance of getting beat...stealing money.
Multi-channel gaming group Gala Coral saw an increase in both turnover and profits in 2012 with the company’s newly launched websites helping to push it on. The firm’s turnover hit £1.189billion – an increase of 6 percent compared to the 2011 figure of £1.117bn. That contributed to an increase in statutory gross profit from £854.7m to £923.6m and it meant EBITDA was up 11 percent to £291.4m
“2012 has been an important transitional year for the Group. We have restructured into key operating divisions, bedded in a new operational management team and invested in our retail estate and online systems. This has resulted in the first growth in profitability for over five years against the backdrop of a difficult environment for retail and leisure businesses,” Carl Leaver, group chief executive admitted.
Gross profit for the firm’s entire interactive business increased from £68.1m to £76.1m with turnover up 6 percent to £3.8m. This was mainly down to a strong growth in both actives and revenues from the group’s Coral.co.uk site, which was recently relaunched on the Playtech platform. The site saw sports betting amounts staked increase 26 percent year-on-year and that’s without taking the Euro 2012 numbers into account. Gaming gross win also grew 31 percent ahead of the previous year. Gala Interactive’s stable of sites benefited from the Playtech treatment and as a result saw strong growth in active customer levels, as well as amounts staked increasing by 7 percent compared with the previous year.
Italy is another market that Coral has an online interest in and their turnover increase of 14 percent and EBITDA uplift of 23 percent was driven by “strong performances in both sports betting and online gaming.” This was reflected in an increase of 22 percent in online sports stakes with the number reaching £65.7million.
As for the remainder of the business, their sale of 23 casinos to Rank Group is still ongoing with the Competition Commission’s preliminary findings set to be published at some point later this month. Summing everything else up, Leaver added: “Our retail businesses experienced some softening in top line trends over what was a disrupted summer period, and these trends have continued into the new financial year. On the plus side, July saw the launch of our new galabingo.com website, and early growth from both this and the new galacasino.com website has been positive. With the re-launch of the coral.co.uk in October our new interactive businesses are now fully up and running and we are targeting significant growth over the forthcoming year”.
If you have any further information related to this story that you would like to share with us privately please click here.
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“2012 has been an important transitional year for the Group. We have restructured into key operating divisions, bedded in a new operational management team and invested in our retail estate and online systems. This has resulted in the first growth in profitability for over five years against the backdrop of a difficult environment for retail and leisure businesses,” Carl Leaver, group chief executive admitted.
Gross profit for the firm’s entire interactive business increased from £68.1m to £76.1m with turnover up 6 percent to £3.8m. This was mainly down to a strong growth in both actives and revenues from the group’s Coral.co.uk site, which was recently relaunched on the Playtech platform. The site saw sports betting amounts staked increase 26 percent year-on-year and that’s without taking the Euro 2012 numbers into account. Gaming gross win also grew 31 percent ahead of the previous year. Gala Interactive’s stable of sites benefited from the Playtech treatment and as a result saw strong growth in active customer levels, as well as amounts staked increasing by 7 percent compared with the previous year.
Italy is another market that Coral has an online interest in and their turnover increase of 14 percent and EBITDA uplift of 23 percent was driven by “strong performances in both sports betting and online gaming.” This was reflected in an increase of 22 percent in online sports stakes with the number reaching £65.7million.
As for the remainder of the business, their sale of 23 casinos to Rank Group is still ongoing with the Competition Commission’s preliminary findings set to be published at some point later this month. Summing everything else up, Leaver added: “Our retail businesses experienced some softening in top line trends over what was a disrupted summer period, and these trends have continued into the new financial year. On the plus side, July saw the launch of our new galabingo.com website, and early growth from both this and the new galacasino.com website has been positive. With the re-launch of the coral.co.uk in October our new interactive businesses are now fully up and running and we are targeting significant growth over the forthcoming year”.
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For starters ,how could ANYONE take any notice of what GEORGE GALLOWAY has to say?A really repugnant individual!
As soon as FOBT's are mentioned ,the usual load of total tosh is spouted.Like deprived areas,problem gambling etc. etc.
Nobody,repeat nobody is forced to enter an LBO and play on the machines.Anyone with half a brain would say I can't afford to play as money is tight,if they are unemployed.
Go into any LBO in any town and you will see foreigners playing on the FOBT's,many of them here illegally,not able to speak English.As from from Feb 1st. all profits will be taxed at 20%,so at least the illegals will be paying tax,collected by the LBOs.
Tonight millions will be drinking themselves silly,harming themselves,there will be fights etc.,hospitals will be busy,yet this is accepted behaviour,and even encouraged.
I will never understand the misjudged concern for people willingly playing on the FOBTs.
I had a girlfriend that died from heroin,nobody forced her to mainline,that was her chosen path.
If punters want to self-destruct chasing fools gold,that is their choice.Not everyone that plays is a compulsive gambler,there are plenty that enjoy an occasional spin of the wheel,or spin of the dials,or even a few hands of blackjack.
Nobody,repeat nobody is forced to enter an LBO and play on the machines.Anyone with half a brain would say I can't afford to play as money is tight,if they are unemployed.
Go into any LBO in any town and you will see foreigners playing on the FOBT's,many of them here illegally,not able to speak English.As from from Feb 1st. all profits will be taxed at 20%,so at least the illegals will be paying tax,collected by the LBOs.
Tonight millions will be drinking themselves silly,harming themselves,there will be fights etc.,hospitals will be busy,yet this is accepted behaviour,and even encouraged.
I will never understand the misjudged concern for people willingly playing on the FOBTs.
I had a girlfriend that died from heroin,nobody forced her to mainline,that was her chosen path.
If punters want to self-destruct chasing fools gold,that is their choice.Not everyone that plays is a compulsive gambler,there are plenty that enjoy an occasional spin of the wheel,or spin of the dials,or even a few hands of blackjack.
if yu think thats pish, av a ganders at his poitics contributions.
All these handwringers trying to tell people how they should lead there lives,forgetting that it is THEIR choice.
Re. the politics forum,you were always on dangerous ground there manxy,with your wildly inaccurate postings .
Re. the politics forum,you were always on dangerous ground there manxy,with your wildly inaccurate postings .
Although the figures quoted by the ABB appear to be persuasive they are in fact all smoke and mirrors for the reason that that several contribtors have explained,namely that there might be over a hundred spins per hour which will rapidly reduce a starting sum of say £100 to zero given the addictive nature of the activity.As a consequence the view of Philip Davies is disgraceful Would he allow people the freedom to sell heroin?The view of Kris Hopkins is disappointing particularly since he is my own MP.I will think twice before campaigning for him in the future.Gerry Sutcliffe is sitting on the fence as usual and he should know better.Of course the most culpable is the Gamblig Commission which is charged with protecting the vulnerable I'm afraid this organisation is not fit for purpose.I dont normally have much time for George Galloway but in this case I hope he stays on the case.
unbiased
31 Dec 12 20:35
Joined:
04 Feb 03
| Topic/replies: 3,297 | Blogger: unbiased's blog
All these handwringers trying to tell people how they should lead there lives,forgetting that it is THEIR choice.
Re. the politics forum,you were always on dangerous ground there manxy,with your wildly inaccurate postings
which comments would they be,
wildly innacurate, are you sure, i mean really 'sure' that you want to examine my comments further.
where do you want to start.
31 Dec 12 20:35
Joined:
04 Feb 03
| Topic/replies: 3,297 | Blogger: unbiased's blog
All these handwringers trying to tell people how they should lead there lives,forgetting that it is THEIR choice.
Re. the politics forum,you were always on dangerous ground there manxy,with your wildly inaccurate postings
which comments would they be,
wildly innacurate, are you sure, i mean really 'sure' that you want to examine my comments further.
where do you want to start.
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