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casinos could help them “get back to marketing horse racing and betting on normal events”.
Theo Bertram, director of the Social Market Foundation, which argues the gambling industry should be taxed more, told MPs activities such as horseracing should be protected.
During the committee session he said: “Don’t let the gambling industry pretend to you that sitting on your phone, being addicted to that app and losing thousands of pounds is somehow putting more people in your constituency into work.”
Theo Bertram, director of the Social Market Foundation, which argues the gambling industry should be taxed more, told MPs activities such as horseracing should be protected.
During the committee session he said: “Don’t let the gambling industry pretend to you that sitting on your phone, being addicted to that app and losing thousands of pounds is somehow putting more people in your constituency into work.”
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THE FORMER BOSS of Paddy Power has called for higher gambling taxes to deter bookmakers from tactics that draw punters into more addictive games, as he said profits across the sector were “exploding”.
Stewart Kenny, who co-founded the betting firm but has become a critic of the industry’s tactics since retiring, also accused firms of “scaremongering” over warnings about gambling tax hikes.
Kenny told MPs on the Treasury Committee: “I really believe that, for the parts of the industry that are the most harm, that you tax higher to disincentivise the bookmakers from sucking you from the sports book into the online casino.”
He said betting firms are drawing people “from the least-addictive product to the most-addictive product” by handing out free spins on their online casino when they make an account to bet on sports.
This was a bigger problem for younger people whose lives could be “destroyed” by problem gambling, he said.
Kenny also rejected claims from gambling firms that higher taxation would affect jobs in the sector and drive more people towards black market betting.
“It is scaremongering,” he told the MPs.
“I was using exactly the same arguments 25 years ago… and betting businesses have exploded in profits.
“I do not see any reason why betting shops or people employed in betting shops should go down because of the tax rises,” he said, adding that he does not foresee punters getting a “bad deal” as a result.
Parent firm Flutter, which also owns Betfair and Sky Bet, told Paddy Power staff earlier this month it was shutting 57 of their betting shops in the UK and Ireland, putting almost 250 workers at risk.
The US-listed company blamed the closures on “increasing cost pressures and challenging market conditions”.
A spokesman for the UK and Ireland also warned that a “higher gambling tax could have a significant impact on jobs and investment across the industry and drive more customers into open arms of unlicensed operators on the illegal, black market”.
William Hill owner Evoke also recently said it was considering “further shop closures” if it is hit by tax increases in the UK.
On Monday, research commissioned by the Betting and Gaming Council found that proposed tax hikes risk the loss of 40,000 jobs and could divert £8.4 billion (€9.5 billion) to the black market.
Kenny, who stepped down from the board of Paddy Power nearly a decade ago, said there are still parts of the gambling industry that he believes can “flourish”.
“I was part of the system, I have huge regrets, but I’m still a believer in the gambling industry being part of the entertainment mix,” he said.
He said disincentivising companies to entice punters towards “highly addictive” online casinos could help them “get back to marketing horse racing and betting on normal events”.
Theo Bertram, director of the Social Market Foundation, which argues the gambling industry should be taxed more, told MPs activities such as horseracing should be protected.
During the committee session he said: “Don’t let the gambling industry pretend to you that sitting on your phone, being addicted to that app and losing thousands of pounds is somehow putting more people in your constituency into work.”
Stewart Kenny, who co-founded the betting firm but has become a critic of the industry’s tactics since retiring, also accused firms of “scaremongering” over warnings about gambling tax hikes.
Kenny told MPs on the Treasury Committee: “I really believe that, for the parts of the industry that are the most harm, that you tax higher to disincentivise the bookmakers from sucking you from the sports book into the online casino.”
He said betting firms are drawing people “from the least-addictive product to the most-addictive product” by handing out free spins on their online casino when they make an account to bet on sports.
This was a bigger problem for younger people whose lives could be “destroyed” by problem gambling, he said.
Kenny also rejected claims from gambling firms that higher taxation would affect jobs in the sector and drive more people towards black market betting.
“It is scaremongering,” he told the MPs.
“I was using exactly the same arguments 25 years ago… and betting businesses have exploded in profits.
“I do not see any reason why betting shops or people employed in betting shops should go down because of the tax rises,” he said, adding that he does not foresee punters getting a “bad deal” as a result.
Parent firm Flutter, which also owns Betfair and Sky Bet, told Paddy Power staff earlier this month it was shutting 57 of their betting shops in the UK and Ireland, putting almost 250 workers at risk.
The US-listed company blamed the closures on “increasing cost pressures and challenging market conditions”.
A spokesman for the UK and Ireland also warned that a “higher gambling tax could have a significant impact on jobs and investment across the industry and drive more customers into open arms of unlicensed operators on the illegal, black market”.
William Hill owner Evoke also recently said it was considering “further shop closures” if it is hit by tax increases in the UK.
On Monday, research commissioned by the Betting and Gaming Council found that proposed tax hikes risk the loss of 40,000 jobs and could divert £8.4 billion (€9.5 billion) to the black market.
Kenny, who stepped down from the board of Paddy Power nearly a decade ago, said there are still parts of the gambling industry that he believes can “flourish”.
“I was part of the system, I have huge regrets, but I’m still a believer in the gambling industry being part of the entertainment mix,” he said.
He said disincentivising companies to entice punters towards “highly addictive” online casinos could help them “get back to marketing horse racing and betting on normal events”.
Theo Bertram, director of the Social Market Foundation, which argues the gambling industry should be taxed more, told MPs activities such as horseracing should be protected.
During the committee session he said: “Don’t let the gambling industry pretend to you that sitting on your phone, being addicted to that app and losing thousands of pounds is somehow putting more people in your constituency into work.”
He has huge regrets poor man probably can't sleep at night
You cannot get a horse racing bet on with them but are welcomed to do your conkers on their Online Slots
to be fair they don't give up I've had 5 free spins everyday for 10 yrs + and spun one of the,but the 5 will be there again today and tomorrow ,you shouldn't be able to click from sports/racing betting on same web page,they should force you to at least find the casino,read rules/regs etc
Last time I played showground activity was roll-a-penny,the penny had to be completely within the square….
I was 11….
I decided to leave it all up to the simple mind…..
I was 11….
I decided to leave it all up to the simple mind…..
as much as I loved it no skill in the roll a penny but lots of skill in rolling 6 ping pong balls in to the numbered slots to score one of 20 winning numbers
Sorry fellow Irish people, but it's amazing how many ex pats or spawn of ex pats that have wormed their way into manipulating affairs in the UK. Not necessarily attaining direct power, but having a negative impact nominally from the outside. They are rooted in unions, quangos, think tanks, plus of course sabotaging brexit. SPADS and other advisers. I guessing Morgan for example is connected to the emerald isle, and starmers former chief of staff that ended Johnson.
sabotaging brexit
wonder what policy/rules/regs likes of cider would like to add to the current brexit ****how to make it any better, I,d bet good money that if any party now tried to push threw a NO DEAL style brexit 80% of public would be against it
wonder what policy/rules/regs likes of cider would like to add to the current brexit ****how to make it any better, I,d bet good money that if any party now tried to push threw a NO DEAL style brexit 80% of public would be against it
you've currently got a brexit diehard
lizz truss negotiated trade deal with ozz and nz
one of better trade/tariff deals trump has given
no better deal with India/modi without signing up for millions more visa,s for indians
reform/torys wanting to do less deals with china
presumably less with the EU
where are the deals/policies that cider et al,think the civil service has missed out on or sabotaged
lizz truss negotiated trade deal with ozz and nz
one of better trade/tariff deals trump has given
no better deal with India/modi without signing up for millions more visa,s for indians
reform/torys wanting to do less deals with china
presumably less with the EU
where are the deals/policies that cider et al,think the civil service has missed out on or sabotaged
Obviously splitting NI from the mainland with absurd rules.
It directly impacts horse racing obviously, as all the trainers say it's far more laborious to travel horses. But we don't really want to derail the thread completely, going down the brexit rabbit hole. Suffice to say that the EU used the Irish to make it as difficult as possible to leave, and still do now we've finally left.
It directly impacts horse racing obviously, as all the trainers say it's far more laborious to travel horses. But we don't really want to derail the thread completely, going down the brexit rabbit hole. Suffice to say that the EU used the Irish to make it as difficult as possible to leave, and still do now we've finally left.
There is an overriding observation that we appear to allow an awful lot of people connected to Ireland try and tell us what to do. I'd say it's quite unlikely that there are loads of English people running Irish trade unions, or directly advising the political government, for example.
Ping pong ball into a metal bucket 1stTP……lol the biggest con of all time…..
Wats the new rules sites have to abide by frum 1november
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