When the bookies eventually reach the stage where they cant lose , will the concept of being a bookmaker be out the window ? Instead could they be described as "brokers" ? FOBT activity and slots plus already mean that they hardly classify as bookmakers in the old sense .
What IS lacking though in the light of developments in recent years is any sort of regulation . Governments are to blame for letting the situation drift , it took years for the FOBT anti lobby to get legislation passed to try to limit the stakes and inhibit the money laundering involved .
Mind you when you consider the amounts involved in essentially money laundering via the "financial systems" markets in London currently ( as reported last week ) , the bookie FOBT activity usage is probably only in the ha'penny place .
When the bookies eventually reach the stage where they cant lose , will the concept of being a bookmaker be out the window ? Instead could they be described as "brokers" ? FOBT activity and slots plus already mean that they hardly classify as bookm