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William Hill could close up to 900 betting shops after FOBT clampdown
William Hill could close up to 900 betting shops after FOBT clampdown
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Replies: 138
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As someone who works in the industry, I can sate that there are many shops whose OTC T/O far exceeds Fobt T/O !
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especially during the football season and tends to be, the further north you go the more OTC beats FOBTS t/o
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^ Exactly Tom !
Bookmaker bullsh!t ! |
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Within a 3 mile radius of me (South East London), in the last 2 years out of 20 shops there are 11 left. I can see that going down to 5 or 6 when the fobt limit comes into play.
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CLOSE THEM ALL,,,
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Not a problem with that S B, just don't like the c rap P B's coming out with !
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the way they are talking is as if FOBTs have been banned entirely, I haven't been in a bookies for years, not since FOBTs came in, but I don't imagine most players are staking more than £2 per spin anyway
and surely the problem gamblers will look for other ways to hand over their cash? I have absolutely no sympathy for the major bookies, they forgot how to be bookmakers and became casinos instead. It's about time they went back to what they were originally, start taking some proper bets |
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How the exceptional charges total breaks down in light of anticipated loss of FOBT income
£m Description 680.7 Intangible assets - goodwill 151.5 Intangible assets - licence value 38.6 Land & buildings 12.0 Fixtures, fittings & equipment 882.8 intangibles written off dont affect the business in any way except maybe from a creditors perspective, and i dont think this affects their tax either, but i may be wrong |
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Sack Philip Bowcock (PB) and get someone who knows the bookmaking business. April 2020 is more than sufficient time for the head henchos to formulate a new business model that reflects the activities of a bookmaker, and not a casino.
The present high street bookies do not produce anything or contribute to society in general - they are the blood suckers of fobt addicts; worse come to worse close the lot of them. Punters do not need them as the internet can more than able to cater or absorb the excess a activities generated should (900 x 4 x 5) shops closures/staff unemployment materialise. |
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Thanks Charlton - Interesting! - It seems that they have taken a worst case scenario, perhaps in the hope that this may deflect criticism on what is a poor underlying performance unrelated to fobt's.
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i think the essence of this write off is something like "we believed our business was worth £1bn and now we think its worth £200m". the people most interested in that will be their bondholders. unfortunately for shareholders i dont think these losses are tax deductible.
and indeed it does show, as many posters have commented below, that hills are not a bookmaker, they are a casino |
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impossible with all due respect there is a generation, although an ever depleting generation who still use them every day of every week because they will never use the internet to gamble. to close them all is not the answer imho
let them close the ones that need closing because they arent financially viable. they arent all hell holes, there are still some pretty decent shops out there. |
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the dealer
the corals shops seem to be run on shoestring most shops are single man most of the day. how is hills. regards ronnie |
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most still get 2 for some part of the day(5 hours roughly) the problem in most places is staffing them due to lack of staff. most of the experienced managers went after the restructure.last month was the last of the pay supplement on affected managers wages , so many looking at anything from a £4K to £10K drop in wages, so i imagine a few more will go shortly
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in the modern world with online betting and massive competition it always seemed crazy that there were more betting shops than ever before. I know people are losing jobs but this needed to happen, and the online betting boom has seen many jobs created elsewhere.
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i totally agree the blob and many will close but in all honesty the majority shouldnt be there anyway. the were opened under the sign of a betting shop but were really only mini arcades
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they lose zero on the fobts
they lose occasionally on the horses no wonder the coouunnts are whinging the useless wanxers good riddance to all those arcades |
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my point to impossible was merely that there is a generation of race horse punters who dont care about bog or promos, havent heard about restrictions but merely us them to place there leisure time bets, meet for a chat and a coffee, like they have for 30 odd years. they wont be replaced when there gone but there are still thousands of them out there
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the dealer
went to work in a shop today said to the young girl do you think we will be busy she said no the bingo club do not come in on a Saturday. looked at the figures 1500.00 a week on bingo. the girl said she had to order some more DABBERS. regard Ronnie. |
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 unreal |
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but in all honesty the majority shouldn't be there anyway.
.. survival of the fittest, SAME AS IT EVER WAS !!!!!! |
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ronnie rails • August 4, 2018 10:13 PM BST
the dealer went to work in a shop today said to the young girl do you think we will be busy she said no the bingo club do not come in on a Saturday. looked at the figures 1500.00 a week on bingo. the girl said she had to order some more DABBERS. regard Ronnie. Is this a wind up and im missing it Ronnie....they do bingo in bookies now ???? |
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scaredmoney
In housey housey ! |
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Is Rapido still going?
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Nothing virtual about a winner.
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Indeed.
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As above, not all shops are Fobt money driven !
Plenty that do well enough with OTC T/O. The problem that Retail High Street Bookmaking has is the high fixed costs ! For instance, the cost annually of SIS & TRP is £30k per shop ! |
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^ Yes Den .
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Is your shop under threat, halcyon?
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How sad, too bad ,nevermind.
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So are we to believe as the Government hope and the bookies want us to believe, that everyone who is addicted to these machines (in which I include those who play regularly within their means) will simply give up gambling overnight or drop to £2 a spin?
Some of those who want to play the same games will go on line but I suspect many will fail verification checks or have reasons for sticking to shops. If they switch to horses and dogs since they have no interest in 'skillful' gambling they will pick presumably names or lucky numbers. Will the bookies then have the sense not to knock them back when they by chance hit on a 'live' one? However surely the real holy grail would be to addict them to virtual racing on which no staking restrictions need to apply. If I was a large bookie in the last few weeks before FOBT restrictions I would be handing out free bet vouchers valid for virtual racing only to my big players valid from the day the law changes. |
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hal hopes they turn his into a hairdressers so he can follow his true vocation in life
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Good morning sparrow, hope you and yours' are well.
I'm an R M, some will close, some will stay open. The industry has eighteen months plus to formulate a new business model |
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Craig, y'am up early.... sh!t the bed ?.....
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^ Don't suppose it'll make much difference in tha cess pit !
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Good morning, halcyon. I'm sure you will survive the cull.
This will upset you https://www.youtube.com/watch?v=tK4DKyp_o7I From a recent pre-season friendly. |