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I am seriously looking into making an investment into ladbrokes and a couple of other bookmakers. I have been doing some research and have to say that the government allowing the bookies to have these fixed odds betting terminals or FOBTs is an absolute gift horse. I don't think I have ever seen so many people from all sections of society addicted. It's a gold mine. I accept that ethics go out of the window and we must turn a blind eye to families splitting up, suicide rates increasing, mental health issues arising, violent crime etc, but money is money. Someone else's misery won't pay our bar bills or fund our holidays. Superb business model.
profitseeker, you seem to have listed all the reasons why we shouldnt invest. The public did an outcry and the government acted putting many restrictions and extra tax which also hit the SP. Getting rid of 400 odd shops will cut the amount of these shortly.
I agree about the tax increase, but I don't think we need to worry about the restrictions. In reality, the spin rate is so much better than the casino form of gambling. People just don't grasp how the 90 odd percent payout works. Also, as far as society goes, we may have to give up some shops but they will only go to a competitor so in reality the same amount of machines will remain. There are plenty of addicts and potential addicts out there so there should be plenty to go round. Just a case of spreading the investment. Maybe we can get a few more people hooked with the online business also. People generally spend more when it's just a number on the screen. And there should be plenty of house keeping money ready to be gambled. Buy all day long. God bless the government
profitseeker, you sound like the very people who got all the extra tax and restrictions placed onto LAD in the first place. I wouldn't gloat on making a buck out of an addicts misery but Im happy to take a bit of extra spare housekeeping if someone fancies the odd flutter. "so in reality the same amount of machines will remain." I doubt it, there are already more restrictions on both the number of machines and new bookies shops being allowed to open. Even if they are sold to another bookie that money will not be going to LAD. Corals metrics look ok but maybe market was expecting more